RE: RE: Gold’s bull run seen topping out in 2013/1
"prioris: Don't be upset with me, I didn't write the article.
I've owned this stock since 2004 so, that makes me a VERY LONGTIME shareholder who wants to puke everytime I see the 20 month chart. This company has lost over 250M in market cap and has spent 57M in private placement money in that timeframe and had to get debt financing to boot. Nothing the company releases news wise produces a sustainable uptick in share price. You can place me on ignore if you wish. But, as a longtime shareholder, I'm concerned with the inability of Claude mgmt to produce shareholder value. This is a 20 yr old company, not a start-up. And, the board of directors continue to tolerate this mediocrity. If a CEO can't produce shareholder value after 15 yrs in leading this company, then, he deserves to be fired. Yet, he continues to be paid over 500k a year to bring shareholders a 60 stock.
IMO, something's not right here and shareholders should have concern."
Having been a Yahoo poster prior to the changed format with respect to the message boards, I have been reading posts by lookin_2_score for years.
I picked one at random.
Why lookin_2_score did not sell is because he thought CGR was worth more. Now that CGR/CRJ has sold off all the way down to where it is today, we obviously have a disgruntled shareholder on our hands. But hey. If your liked CGR at $2, you must really like them today. But as to often with those so called longterm investors, they buy and hold and NEVER do the hard job of managing the investment like managing one's cost basis. Buy and Hold is a good strategy for those Companies that pay a dividend but when it comes to JR's, "Buy and Hold" should be replaced with "Buy and Manage".
Given CGR's certified reserves and assets, this should be a $4 stock today and not a $2 stock.