GREY:CGOOF - Post by User
Comment by
Masterbuilderon Oct 14, 2015 9:56am
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Post# 24189722
RE:RE:RE:Contiental Gold, the next Colossus Minerals?
RE:RE:RE:Contiental Gold, the next Colossus Minerals?The market is way ahead of you and you are obsessing with an individual that has no control over much of the timelines here. Tunnel vision is not a good way to look at stocks.
Right now the stock has found its common bottoming territory, if you run a 3 year chart. Tax loss selling season is here and you need to balance seasonal reality with devaluation for fundamental reasons. There is trading opoprtunity down here somewhere when this "noise" has run its course.
You should be looking for an "in" point frankly, and if this thing drops more, that is good if you are a trader. As a SPECULATIVE rated equity, you should not be long this stock anyways. This is a gamble at such an early stage.
First and foremost, nobody doubts the presence of substantial gold. The country is not ideal and that is the primary issue here. Permits, funding, new partners, logistical planing and execution can all be found/purchased. Mining gold isn't DNA sequencing. It's shovels and rocks.