CDG cleveland mining company limited

too cheap

  1. 9,403 Posts.
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    I put my toe in the water with this yesterday as it appears too cheapfor what they have. A market cap of $17m seems way undervalued for a company with a working gold mine an improved processing plant(assuming it'sup and running), potential blue sky courtesy of Orinico (sp?) who have started on their decline to the rich resources they claim.

    Plus of course the convertable loan money of $6m+.
    With the shares half the conversion price, I couldn't resist.

    Eagerly awaiting the quarterly to see where we are now at.
 
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