RE: Holding - folding - buying - shortingFolks,
This is one the best new discoveries ever.
No one knows how much gold is in this deposit.
All that is known is the amount of gold that has already been quantified.
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If you do not have the patience to sit still and hold for another three months, by all means sell and go on to the next big find. I spent the whole of last year trying to coax people to hang on to CAN. During that period, CAN went from 45 cents to $6. It looks like I will have to repeat that same coaxing this year. In my opinion, CAN is already worth double digits. At the very least, according to the hottest analyst on precious metals, Daniel Earle of TD, CAN will hit $8 i.e. almost double the price it is trading at now.
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There is a time to hold, sell and short a stock. CAN is currently being shorted because of the technicals. However, this is an exploration firm. CAN has to be judged by the FUNDAMENTALS. And the fundamentals are that this is an ever increasing deposit. When you add the Ethiopian property into the equation, it will only be a fool who will sell at these prices.
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You wont be hearing much from me for sometime as in a few days time I will be on safari again. There are just too many opportunities opening up in Australia now. Unfortunately, some people there are deciding to move on at the worst possible time. Sort of reminds me of those selling CAN today..........