RE:RE:RE:RE:RE:CNG .26 up 18%- 105k volumeNope I was hoping for a real response, expect the other one from dart or Nancy (depths).
Yes I tossed my CNG shares as I fully expect it back under 10 cents, and if it doesn't then congrats to whoever scooped my shares. If this moves back to where I expect maybe I will take a chance with some spare change once things start moving.
Their statement about doing nothing was in the year end or maybe it was the interim, but it was one of the financial releases.
I don't see how gold price should move a company that isn't producing any gold, and is likely years from doing so if at all.
If Bullard is such a nice property, then why are none of the previous companies there? Of course he is going to upsell his property, how many people are going to run around calling their land a piece of sh!t?
I thought everyone was raving about the sound business move of getting the gold property out of the way so it isn't a distraction within CNZ.
Slyincalgary wrote: So since you are a CNZ shareholder, or have claimed to be many times, I am assuming you have sold your spin out shares already if you believe the SP will settle between 3-5 cents?
1) The PP that was done for CNG was done to raise cash to do a drill program and operate, so the "zero, zip, zilch" theory is not at all accurate. Anything plans stated last fall have obviously changed, didn't read where the said they were doing nothing but will take your word for it.
2) The price of gold is in a nice uptrend so most gold plays should do well
3) If you were at the AGM you would have herad Ray talk for at least 10 minutes about how nice a property Bullard is and how they were continuing to stake.
4) My main reason for believing this goes higher is I believe that there is a plan for CNG. As much as Ray believes it is a nice property I think that if the plan was only to have Bullard in the CNG shell they wouldn't have taken all the time and effort to roll it into a separate shell. They would have just sold the property and put the cash in the bank to use for CNZ. I have no idea what they are planning, but to go through all the work they had to do I believe there will be more.....just need to wait and see.
5) The Private Placement was oversold by 10 fold....why would so many people rush to pay 9 cents for a stock that you think should trade between 3-5 cents??
Sometimes you have to read between the lines to interpret the significance of a move by a company and subsequently by investors. I think all the people buying chunks today are doing so to make a profit, only time will tell whether they are right or wrong.
Now tell the truth, you were expecting a "Call the Company" answer weren't you haha???
Glta