OTCQX:CNSNF - Post by User
Post by
krishakon Sep 02, 2013 10:14pm
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Post# 21713855
Good results are all we need...
Good results are all we need...based on what happened to GQC last year. Goldquest was trading for $0.04 on 5.16.12 and three months later hit $2.03, for a gain of 5075%. I had been loosing money on that stock for 6 years, but held onto it because I believed it's value would eventually be reflected in the stock price. Spectacular drill results induced the rally, and the stock soared 5075% in a three month period during which most other gold stocks did nothing. The dismal price of CEM reminds me of GQC before the take off. I think the next batch of drill results should be out this week or next, and one encouraging "straw-in-the-wind" was the trade of 40K shares at $0.065 on 8.28.13. It could have been a careless buy "at the market" but insiders or others who know the real value are the ones most likely to buy at market. They don't care about $0.005's, they are expecting to eventually sell for multiples of their purchase price.