Been following for a while... Hi, Everyone,
I've been lurking for a while trying to decide what to do with this outfit; thanks for all the posts. I finally decided to reach out to the company and see if I could get some up-to-date info, and here share it with the board.
Cosigo will be at the Cambridge show--500+ exhibitors, huge audience, and good speakers on Sunday and Monday. They won't have a booth. Maybe they should have hired the IR guy sooner - but at least they have moved in that direction for future shows.
Although things are moving slowly on the permit/agreement signing phases - everything seems to be coming together and should be very positive for the future. That would make sense--otherwise, they wouldn't be hiring an IR person. Cosigo wouldn't give a hint of who they hired, but say it's someone with great credentials who's been associated with the company since it's inception, so knows it well.
My read is that the Brazilian deal announced in December is bigger than many appreciate, for a number of reasons... First, I understand the SIZE of the prospective Brazilian area is enormous; second, the agreement with the locals gives CSG the inside track on whatever the area may hold; third, the geology is similar to Machado, so Cosigo has a leg up on how to attack the properties.
Last (this is my opinion only), CSG now has a choice as to where to allocate their efforts and resources, to where things are most active... Maybe (although you never know with governments), just maybe, it will motivate Brazil and Columbi's regulatory agencies to move faster then they otherwise might, or lose CSG's efforts to the other country? Speculation on my part; we'll see...
Anyway, this bullboard has been very quiet, which may mean folks are lurking while they accumulate more shares. I note that insiders have been acquiring cheap stock of late:
https://www.canadianinsider.com/node/7?ticker=csg
Re the bigger picture, I think both gold and the PM mining shares are cheap right now--the macro picture may be turning our way. There is no question that mining shares--especially the exploration outfits--have been awful to hold lately; the turn may not be far off.
I also can't shake from my mind that the re-opening of PP offering (last Fall) for local Brazilian and Columbian investors was OVERSUBCRIBED--even at near twice the market price at the time. Now, investors can get stock for less than half that PP price.
CSG just seems a good bet in a myriad of ways... $4mm in cash, great propsects, good people, a more positive macro backdrop, choices as to where to allocate resources, support of locals, a depressed price, insider buying, etc. Yes, investing in PM juniors is always speculative; so much has to go right... Nevertheless, there are always good times and companies at and on which to place bets, as insiders are now doing with CSG.
Cheers!