CGT 0.00% 21.0¢ castlemaine goldfields limited

Seems to me they are struggling with the balance.Mid last year,...

  1. 36 Posts.
    Seems to me they are struggling with the balance.

    Mid last year, there were multiple positive announcements talking up the stock that led to a surprise when reality set in.

    Since then the flow of announcements has dried up.

    In other words, the pendulum has swung too far the other way.

    Given the lack of confidence in the stock, we actually need more not less announcements now. These would be status and milestone reports - not hyped or spun but regular updates of what is happening.

    My guess and hope is that we will have an announcement today or tomorrow. They have publicly said they expect to be mining Mako in February and I think they will not want February to end without an announcement that they are doing so.

    There is some history in this - they left it almost to the very end of September to announce the first gold pour.

    I still remain hopeful the situation will turn around and we can all recoup some losses!
 
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