Have been a holder since last November. That is a big statement being robbed blind. Very small volume on this stock so can go up or down 50% on one buy. I certainly will be taking advantage of these swings.
My opinion is that there is such a lack of information on the stock and no news flow. I was at conference in London and listened to the CEO speak. His presentation was laclusture and unconvincing, the GEO with him who also spoke was the one that caught my attention. He also had done all the work on Cardinals resource.
Management needs to change and they need to bring on more specific mining/finance people to their board, current team have done well to get it where it is and all credit to them. This company needs a proper driving force like a gold mining specific CEO who has industry knowledge. This is one of the biggest things in my opinion holding the company back.
We are sitting on a very interesting piece of land that the majority is still quite undiscovered, the aeromagnetics being done will pave the way forward where to target next. There is a working Chinese mine next door so if they are pulling out gold that must be great indicator.
They also need to address liquidity and volume, no insto will go near them if there is no volume. Disappointed with the current work of the current Corporate Advisers, I would have though that there would be a concerted effort to bring in new shareholders and strategic investors.
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16 | 4698123 | 0.005 |
14 | 4021000 | 0.004 |
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Price($) | Vol. | No. |
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0.008 | 4909443 | 5 |
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