GREY:CGOOF - Post by User
Comment by
Masterbuilderon Jan 13, 2015 4:32pm
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Post# 23315379
RE:Scotiabank
RE:ScotiabankTargets and moving averages? Not indicative of future results. The targets used to be $16 then $9 then $7 then $4.50 and next is....? That is the trend you need to watch as CNL burns cash.
Back in November, several investment people visited the site and the story is now even more well known on the street. If you were to bet $1,000 on whether the next round of analyst reports increases or decreases the target $$ prices, what would you bet?
Consider what the industry is doing....
Today Goldcorp off-loaded a non-core asset. These big gold companies need to focus on core operations and find a way to lower production costs. They can't strap on more debt or start new projects.
Tough times are ahead for the sector.