Bad news reflecting the current share priceCEG has fallen back to the 50 cts range and heading to the 40 cts range soon.
The mine seems to have stopped production.
But the royalties and payments to the mangagers and directors and affiliates havent stopped, so i am prepared to see a 10 million loss in the next finacial statement. That mean 20% of the total income!!!!!!!!!!!!!!!
Thats bad, but anyways 99% of all reversed companies fail , though. we knew it as soon as they talked about that split!!!!!
I guess the institutional buyers have dissapeared LOLOLOLOOLOloLOLOlOlOlOlOL
I want to make a proposal to get the shareprice more attractive to those kind of buyers.... REV split again 10 to one.. here we go 5 bucks a share.. , Ooohops not a good idea , or lets say its a bad idea as the first split...
I never heard about any mining except oil companies that dig 6000 meters deep...
that again a joke from the last report i read from SAG
RIP CEG