OTCQX:CGTFF - Post by User
Comment by
lumpy13on Apr 26, 2020 3:47pm
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Post# 30955294
RE:pos
RE:posIt's frustrating but the nature of the beast for this type of junior gold miner, exacerbated by its main projects being in French Guiana and Suriname. It's long term game - in my opinion - is to have its properties be acquired by mining companies which can develop them. At the present time with the pandemic, things are pretty much in limbo. You need to be patient or just sell as I don't see much happening in the coming months.
That being said, it is off its lows and with the rising AU price, it should too. The key reasoon i bought CGT was that I saw that Sandstorm Gold had bought C$2.5m of shares last October (after having bought NSRs in two of CGT's projects years earlier). Sandstorm has good technical guys that find (what could become) very attractive projects in put money into them. That they bought shares relatively recently validated their optimism in CGT.