JMO but here the reasons why the market undervalues CJO
Disclosure. I have been a Kings/CJO investor for 8 years.
- They messed up the listing in Canada in 2006 -San Anton which they later admitted was a mistake after San Anton ran out of money due to mistakes made by Kings directors - to mumerous to list.
- They have always overpromised and underdelivered on timelines...lack of trust
- They have confused the market by not following through on the Mexico mine. What are you? A copper miner,gold miner,silver miner,iron ore?
- They gave away the Kalman project for 20% to Syndicated Metals after spending millions on drilling.
- No clear focus on what they plan to do with Mount Philp? How do you value this resource?
- Ex Managing Director went bankrupt after dumping millions 0f shares on the market.
- Huge dilution without regard to existing shareholders
In fact if Tony McDonald had not returned to the fold we would probably have sold out to the best bid by now for peanuts. He is the key to this play and I have every confidence he can deliver. I have met him personally and we are lucky to have him on board :-)
CJO Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held