GREY:CGOOF - Post by User
Post by
wiseyoungmanon Apr 25, 2017 2:42pm
217 Views
Post# 26164066
Back in CNL
Back in CNL At this compelling valuation, I am back in. I am well aware of the dilution if I was buying at $5 which I am not. However I am not so worried about it at these levels. Why?
The Company has loads of exploration potential [new drilling] and resources [via infill drilling] which will add to the Company's already impressive proven and probable reserves. This drilling is starting in 2017. This will add value to the overall NPV of the project and also value of the Company. With a higher stock price, except an offering next year at a much higher share price so the dilution will not be so bad.
GLTA.