lets face it, the valuations on development juniors are absolutely absurd. We are at one extreme of the valuation spectrum getting excited about a few cent moves.
This is nothing, this stock will be doing 10c intraday moves when we get upto speed
For those who had the guts and conviction to buy juniors in the last 6 to 9 months, you are in for one crazy ride up.
The next phase is when punters start cashing in their profits on the midcaps and reinvesting into juniors. I did that this week, spread the love amongst 4 to 5 good looking gold development projects like this one
The Turkish thing does hold it back, so taking profits is a good idea at some stage
CHZ Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held