OTCQX:CGTFF - Post by User
Comment by
AltaRounderon May 07, 2017 1:23pm
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Post# 26213982
RE:RE:RE:this stock has a proven story in FG and blue sky in Nevada
RE:RE:RE:this stock has a proven story in FG and blue sky in NevadaThanks, for the great observations, and like you, I am very long this stock and here for the long haul.
Before I bought into CBG I was also leary of Nord Gold, but changed my mind when I learned Guistra had constructed a strong JV Agreement and has a past in financing projects. Right now, I think we have to wait it out, until Nord comes out with the decision to construct. Once that happens in conjunction with future FG + Eastside drilling results we should see significant share price appreciation.
Our low share price is our greatest weakness, right now, but I believe Guistra see's this a just the beginning of the game. I think his strategy was to fully participate in construction from the beginning and if a decent takeout price comes in the mean time, fine. If not, he finds an ecomonic and benifical way to finance our share, as he expands the resource.
As far as a manipulated share - I just hope the improved rules around creeping takeovers help protect the shareholder better than the old rules. I'm no expert in this field, so I've put my faith in the true value of the asset and that it will rise to the top - if management is worth their salt.