GREY:CGOOF - Post by User
Post by
TonyLebianon Jul 09, 2016 5:54pm
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Financial Post on always off on Continental sorry Retail :((
Financial Post on always off on Continental sorry Retail :((Thre's no questions Continental has the gold... but they've been a lagard and a worse investment than other peers because they've gotten delayed for YEARS on their permitting.
They've gotten into all sorts of trouble in Colombia from 1) loosing a lawsuit with the Regional Environmental Agency for contaminating the water ways, to 2) having thousands of illegal miners still at their mine (albeit slowly being kicked out, with over 2,000 illegal miners returning to protest this past month accoring to the Colombia Gold Report), it's a real mess if you look the facts on the ground.
It's sad to see that the FP is missleading readears into believing this is a buy since Jonathan Ratner's article in 2014 predicted Continental would boom like it's peers have.
https://business.financialpost.com/investing/capital-retail-investors-returning-to-junior-gold
When the Retail realizes the Company actually has no future in Colombia, they'll invest they're hard earned dollars elsewhere (i.e. Barrick, Goldcorp, Northern Star Resources, etc).
Gold prices coming back since the start of the year have cloaked this dying dog.... :((