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Continental Gold Limited New CGOOF



GREY:CGOOF - Post by User

Comment by carbideon Jan 18, 2019 1:33am
89 Views
Post# 29249700

RE:RE:RE:RE:RE:RE:In mining, success is relative

RE:RE:RE:RE:RE:RE:In mining, success is relativeThe point is, the trumpets are blaring on every drillhole, how we found x meters of y grams of gold, and it's very high grade, with huge potential to expand along strike, and we're going to drill it aggressively, etc., etc.  But then you have a more than one hundred million dollar cost overrun.  A HUNDRED MILLION DOLLARS!  And it's buried in a footnote in the MD&A, as "changes in scope", almost like it's a positive, like they're optimizing??  And then it goes in the later corporate presentations, in a nonchalant way, like it's been there all along, with minor changes, and all the old ones with the wrong forecasts are gone from the website.  Well, a 100m increase AFTER publication of the DEFINITIVE feasibility study.  Do you think that's material to shareholders?  Nah, no reason for the stock to be down 50% since the non-announcement, in a rising gold price environment.

Anyway, your strategy is correct, to buy into the financing.  Once it's funded, hopefully for good next time, for the sake of the common bagholder, it should be good for a rally.  If we don't go all guns ablazin' again in cocaine country.
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