The thing that concerns me with Cerro is that they have quite a lot of shares on issue. After this latest share purchase plan, there will be around 800 million shares on issue. I fear that this might have a limiting effect on any share price rises, as the market cap increases a lot faster when there are more shares on issue. In saying that, I will most likely purchase additional shares in the SPP as I do believe that we will see CJO above 10c before too long.
CJO Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
