- Charting and technicals mean nothing to CJO. We get no respect from the market based on the track record to date of management. If you study the company long enough you will find they have delivered nothing to shareholders over a long term while paying themselves a fat salary. Their claims of Mexico mining history is baseless since they have never built a mine in Mexico. They sold a resource called Palmarejo Silver and Gold to Couer @ 2004/5
- The listing in Canada has been a complete bust. The first listing called San Anton nearly went bankrupt and was kept on life support by Kings Minerals. A debt of CAD $750,000 was owed to Kings by SNN before the company was delisted and re branded Cerro. Directors clearly don't understand how the N.American market works and based on thin trading and small float in Toronto seems doomed unless they change their tactics to reflect the sentiment up there.
- They are burning through cash @ $800,000 a month with no end in sight? I agree that the Namiquipa project is promising but they continue to confuse the market with news on Namiquipa and Mt Philp. The market does not care about any other news than the Mexico mine. The current valuation of 12-13 cents reflects that sentiment.
- So now they have backed themselves into a corner. All these mistakes and many more have depressed the share price to the degree they can't float paper anymore to raise capital? The Canada market is recoiling over the 750 mil shares and wonders what next?
- They keep re-hashing the same news and recycling old data. The market is not a bunch of fools although sometimes I feel treated like one. I say shut the hell up until you can prove to all of us that you can actually deliver on just 1 of your many promises.
CJO Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held