I bought CHZ about 4 and a half years ago at around 9c and watched it race to well over a dollar and still held. I sold out about 6 months ago just purely on the fact that their cash position would probably mean a CR was due. The crash in the POG was not something I considered so I was lucky in that respect. Having just checked their cashflow report it looks lke outflow will be close to 1m for next quarter with only 1.2m in the bank. This would explain the nervousness of investors along with gold just being on the nose atm imo.
Just my opinion...I check on this stock every now and then so apologies if I have missed something please correct me...GLTA CHZ has great potential and I may get back in. Will be watching...
CHZ Price at posting:
14.9¢ Sentiment: None Disclosure: Not Held