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Carlisle Goldfields Limited T.CGJ



TSX:CGJ - Post by User

Post by casheron Nov 14, 2014 6:46pm
234 Views
Post# 23131480

My thoughts

My thoughts
Didn't have a chance to post today, but I added more shares at 5 cents.
I'm new here, only had this on my radar since the AUQ financing deal was announced, and made my first purchase yesteday at 6. Seems to me most people on the board are in favour that management is only interested in looking after themselves. $5 million will keep their juicy pay checks flowing for a few years while AUQ does all the work. Sure might create more value for shareholders in the long run, or may not. Such is the cash in many other companies AUQ financed. Final sale price CGJ should fetch will probably be around 15-20 cents. I expect Nordgold will come back with a hostile offer, which many shareholders will be interested in. AUQ will be forced back to the table, possibly offering cash and stock ("to allow investors exposure to futhur upside"). Regardless of what takes place the company is easily valued at 10 cents+ in the current environment.
Good luck to all
Have a good weekend
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