CJO 0.00% 13.0¢ cerro resources nl

I attended the AGM, we all know that CJO need to raise...

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  1. 23 Posts.
    I attended the AGM, we all know that CJO need to raise capital.

    Thats the question we all want to know is how???

    I believe they indicated that they will raise more capital and will run feasabilities on debt funding and diluting stock:

    Debt funding may require CJO to lock in low AU/AG prices while diluting stock will allow us to get the any upside in commodity prices.

    They are very conservative in their modeling with regards to commodity prices - not bearish!

    I picked up CJO originally at 23c again at 35c and again at 14c and will keep accumulating. My stratergy is to sell the my profit at 60c and hold original holdings.

    Lets hope I won't be buying more below 10c.

    Gents, as the great man says be greedy when people are fearful and fearful when people are greedy.
 
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