GREY:GRFJF - Post by User
Comment by
cntnboyon Jan 07, 2008 12:48am
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Post# 14159638
RE: Share some other Jr. gold producers!
RE: Share some other Jr. gold producers!Regarding CGC, maybe you should ask management about the little clause (BIG ONE ACTUALLY) they have with Anglo that states if CGC gets 2 million in reserves that Anglo has the option to buy back in the order fo 55% of the company for $60 million.
Ouch. This has to get dealt with, otherwise there is no point in drilling anymore and the way i see it under those conditions the stock of CGC isn't worth more than about 55 cents.
So until this gets resolved the stock in my mind is actually overvalued.
Check it out.