GREY:CGOOF - Post by User
Comment by
Masterbuilderon Oct 13, 2015 3:21pm
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Post# 24187847
RE:RE:RE:RE:RE:RE:RE:RE:RE:Contiental Gold, the next Colossus Minerals?
RE:RE:RE:RE:RE:RE:RE:RE:RE:Contiental Gold, the next Colossus Minerals?Noticed in your first post on this thread that "80% of the shareholders are index funds".
I recal CNL was delisted from S&P Dow Jones Indices back in December 14. (link below)
If/when?? CNL gets permitted, I would think their management will have accomplished a major milestone. That is undeniable and deserving of a gold star not a punch in the kisser.
My guess is that any new strategic partner(s) making a post-permit investment would have their own operations team, making certain members of the CNL management redundant.
Who would go is another guess completely. Shuffles are a natural course of business if/when ?? ownership changes.
It is pretty tough to lean on any CNL manager for a crashed stock price when the underlying commodity price has faltered.
Plus, Colombia has all kinds of political issues and a huge illicit mining problem adding to the confusion. That is not the fault of any CNL personnel.
Getting these mega projects built are costly and riddled with delays at the best of times, but there is belief that a permit will get done, and this selloff is overdone.
There's a trade down in here somewhere and I am looking to make one while guarding against any downside. Investment? Not until a permit, financing, a major partner (or new owner), and a rallying gold price.
Reference to delisting:
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/allied-nevada-continental-gold-copper-mountain-molycorp-us-silica/