CGP not desperate for funds.What they do need to do is trim that overhead down. They have a mil in cash and securities and they are thru to feasibilty by SOL so they should be fine. $150K per month in admin and accounting fees is rediculous and they need to get a grip on that.
That being said this deposit is without question a world class one and it seems that they have been getting a lot of companies poking around. Dont be surprised to see little old CGP get bought out here soon. Way I see it at these price levels CGP is a triple or better in the bag. Just a matter of how soon. I have been buying agressively and plan to continue to do so at current levels. Piffed I missed the .015 and .02s. I would have my mil by now.
Taylor refreshes Cornerstone Capital buy
2015-08-26 03:28 MT - In the News
Jay Taylor, in the Aug. 12, 2015, edition of Gold, Energy & Tech Stocks, refreshes his buy of Cornerstone Capital Resources Inc., recently two cents. He previously said buy on Oct. 16, 2006, at 57 cents and sell on May 20, 2008, at 23 cents. A $1,000 investment at 57 cents, sold at 23 cents, would have lost $616. He said buy again on May 15, 2014, at 10 cents and on March 16, 2015, at six cents. A $1,000 investment for each of those two buys is now worth $553. Cornerstone holds a 15-per-cent interest in the high-grade Cascabel copper-gold property in Ecuador, and is being carried through to feasibility by an Australian joint venturer. Mr. Taylor recently interviewed president Brooke Macdonald and chief geologist Yvan Crepeau, and learned that 15 other companies are interested in Cascabel and will be visiting the property. Despite this, the stock is trading at just two cents. Mr. Taylor thinks the market is making a mistake. As far as unappreciated companies go, "I know of none that is more unloved despite its virtues than Cornerstone," he says. He figures that the company will attract some real interest once metal prices turn around and send the shares up "several-fold from their current level."
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