OTCPK:CFMSF - Post by User
Post by
tooclassyon Mar 12, 2012 3:18pm
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Post# 19658665
CFO: Bottom-fishing deal of the year
CFO: Bottom-fishing deal of the yearBottom-fishing deal of the year: Clifton Star V.CFO
Clifton Star Resources (V.CFO) had a cease-trade status for 8 months and today is the second day of trading. It is currently down 30% from the last trade last July on emotional selling due to the long cease trade period. Had this stock been trading all along it would likely be at $4.00-4.50 right now, so to see the stock slammed down to the $2.00 area is a rare bottom fishing opportunity. I believe this stock will get cleaned up and is an easy double within 60 days once their next 43-101 resource report comes out. It is also a good longer term hold as it moves toward a preliminary economic assessment and a pre-feasibility study after that.
Clifton Star has about 5 million ounces of gold defined at their Duparquet project in Quebec (depending on cut-off grade used). It also has just 36 million shares outstanding, which is one of the sometimes forgotten facts about CFO. At $2.00 the market cap is just $72 million. Thats right, 5 million ounces located in one of the best jurisdictions, going through a temporary half price sale. This won't last.
Check it out. www.cliftonstarresources.com
Harry Miller is former CEO and is now the senior advisor to the company. He can be reached at hmiller@cliftonstarresources.com
Best,
TC