RE: got a bid in at 50 centsJeez, I was out of this stock because I had to pare my holdings due to cash shortage but still recognized the value at the time of disposition. On Friday I observed it hit a new low of $1.10 and actually put in a bid for $1.08 but got unfilled and I cancelled the order. Today I find it trading just above $1 and so I put in a bid for a buck and now it got filled which I find this price to be quite unreasonable/unbelievable.
.
I still feel Cerro Jumil has disappointed in terms of exploration/development results and ultimate upside but they still have a deposit that can be made into an economic mine with a high gold price above $1400. But their astute investment into CTG for pennies on the dollar has come back to earth and I do not think it was wise to diversify into a region such as Slovakia as a minority owner.
.
There is crazy value at these levels but I will still treat this as a trade because the only big upside I see at this point is if they get taken out by a senior and that might take a while longer.