Yes exactly - I have been on CDVOA since about 12c (heads that is)
Still holding
I am absolutely no gold mining expert but there are a large number of top notch funds backing that one - grade is low, there is sovereign risk but strip ratios etc. .. from all accounts shaping up to being a large potentially world class deposit - grade is good but not everything there are a large number of variables with economic mining
S2R is just not there yet - they have similar market caps - CDV a bit larger give or take dilluted - and CDV diluted has a stack of cash as well
I like to follow the smart money - I believe there is very smart money on both stocks - CDV just had a heavily oversubscribed placement at quite a high price - if S2R pull out the goods you could expect more money thrown at this stock for sure
What I can't see (and I guess the reason I exited - rightly or wrongly time will tell) is who was offloading and who was buying last week
Either way I am happy for you guys if they prove up a massive deposit and I stay out - all good there are heaps of stocks out there and I have been making good coin - took a position in MAT last week.
Sorry if I came off as having an agenda. I don't but like to call what I see I think it is better for Hot Copper - there is a point for looking at both sides and not getting defensive if people have other opinions - that is what makes a market and I have found you make more trading if you can handle different points of view
Anyway you guys seem pretty sensible here so I will hang around
S2R Price at posting:
46.5¢ Sentiment: None Disclosure: Not Held
