OTCQX:DMMIF - Post by User
Comment by
auburn2on Feb 02, 2018 3:42pm
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Post# 27492898
RE:RE:more stock
RE:RE:more stockUS markets are finally correcting. Could accelerate next week. Lots and lots of margin, exuberance, dumb money, excess liquidity, etc. etc. holding up those markets. Going down tends to be much faster than going up. It could get ugly in a hurry. CGLD doesn't have the balance sheet and financial strength to be in a good position right now. It's vulnerable... and IMO not a good place to hide out. High debt relative to the production base. They're issuing shares as debt repayment because cash is low or non-existent. We saw this in 2015 when the gold juniors were out of money.