timing is everything in this game. I have been in and out of this stock for a few years. I was down to $2k invested at one stage since the stock was in an ice age hibernation
When I saw new money moving in a few months ago I decided to follow it and rebuilt my position back up and am now "overweight"
Sold a tiny loose parcel I had lying around today. Now sitting on 600,000 shares with no plans to sell down unless they rally past 20c
If the deal goes ahead they will have 100million shares on issue and $2million in the bank. Enough for a solid drilling campaign on all fronts. No doubt they will tap the market again for another $2million if the stock rallies on the back of exploration success
The tin still has the potential to be a significant asset. Reality is though in Australia no one could care less about tin. PNG is elephant country , thats what the market wants
CWG Price at posting:
13.0¢ Sentiment: None Disclosure: Held