CWG 0.00% 31.0¢ central west gold limited

Back Door Listing-Chinese environmental protection industry, page-23

  1. 13,066 Posts.
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    Supermajor

    Obviously much higher risk buying now than at 5c. The recipe for any shell play is buy early, be patient and pay attention to the changing register.

    I disagree that vol has been low. A look at the 100dma for vol reveals a substantial change in interest and for a stock with this mc/shares on issue the volume has been impressive with some big single buyers.

    Is there a story? Well, yes. The information is all there in previous announcements, it's merely a question of whether it cokes to fruition. The success rate from holding shells in the last 12-18 months has been the best I've ever experienced, which I would put down to companies making hay while the sun still shines. Reckon CWG has as good of a chance as any...
 
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