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Ceylon Graphite Corp V.CYL

Alternate Symbol(s):  CYLYF

Ceylon Graphite Corp is a graphite mining company. It is engaged in the exploration and production of high grade graphite. The company owns the K1 production site and several other sites advancing towards production including M1, N1 and H1


TSXV:CYL - Post by User

Comment by rotaryguruon Jan 15, 2020 10:27am
224 Views
Post# 30555227

RE:Good downhill

RE:Good downhillThere isn't fake news.

When there is a milestone reached, they will update. Mining is a long term process so expect the stock price to go back up and come back down especially with news regarding production.

I bought in originally at .155 and it was down to like 8 cents at the end of the year. I didn't get stressed because I knew it would go up and come down and go up and come down. I want to accumulate as much as possible and when it dropped down to .12 cents from .20 I was happy because I could load up more and average down.

Don't let the numbers stress you on this one, if it is showing you are down just know there will be stretches where you will be up. Eventually you will be up long term but for the next year you will see a flux in share price. Grab more at the bottom when you get the chance.

Sometimes I don't look at the share price for a stretch, just because I have the mindset that mining is long term. I've been following this company for 2 years and know they only release real news, therefore I wouldn't expect any unless there is a milestone such as vein findings, production updates, financial etc. In the first year the news releases were all grade testing of the exploration.

Hold tight, pile up at the bottom to average down and don't worry too much :)
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