GREY:CQXFF - Post by User
Comment by
feasttimeon Dec 09, 2010 9:25am
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Post# 17822892
RE: RE: anon will take it all
RE: RE: anon will take it allHi there.
I've been accumulating CQX lately, although I'm not ANON.
I suspect that it could be insiders buying or people connected to them.
There are very few remaining Venture stocks that are still flying under the radar, but this in my opinion, is one of them.
Nice news this week with 'farm out' with 'Visible Gold'. CQX retains 40% and 'Visible' has to spend the money to work the properties. This gives us Cash, Stock and leverage to work on value building deals+ CQX has retained their
WASA claims which are next door to RIchmont, who continues to aggresively work their WASAMAC property AND are focussed at putting it into production. Richmont has over a 150MLN market cap and is currently producing gold at I believe their Francouer mine nearby.
CQX also has been working on securing a property in the Great Basin in Nevada.
With only about 24MLN fully diluted and a good chunk held by insiders, this one's really tight and severely undervalued at < $5MLN market cap.
For those of you that got burned on the rollback (it's happened to me before on several occasions with other stocks), the best way to feel better, is to lick your wounds and buy back more cheap shares. IMHO, this is going much higher.
This truly is a no brainer.
GLTA
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