RE: Colombian Mines Corp Future Hi SirJay,
Nice to see others posting. I believe CMJ's future is bright, but JMO. I have been invested for a long while waiting to drill the high grade El Dovio prospect. The timing for this is getting much closer!
Gold has been manipulated and will bounce back once the big boys fill their pockets at these lower prices. The push below support Friday caused a series of stop losses andmassive margin calls today. It may have some wild swings up and down for awhile.
You can see that CMJ is down ~ 17.5% on about $8K of total selling. Not exactly massive selling and panic here. This one is very tightly held and would not make sense to short, so we should be ok near these levels.
CMJ has numerous quality properties (29 in total I beleive). Drilling is still on schedule for this quarter which should bring in some new buying I think. The share price will move upward with increased buying in advance of drilling given the potential for a large drill discovery. All JMO.....
GLTY,
OF