RE:RE:RE:the analystsYes, a lot (most) of the gold stocks are down significantly Y-o-Y. Agreed that CXB is not the only poor performer. Nobody loved CXB more than me. What's not to love? Management, the resources, the prospects, have all been hyped and where are we?
I got blown out on a stop loss at $1.50 back in August so I'm not holding CXB. I made a call that the stock would trade to (under) $1.25 and have called for it to trade to $0.99 all on what is/will be total manipulation by those that can. That will be hard to stomach for most retail investors.
I have come to believe (convinced myself) that the gold play is changing/has changed and that it is really a long-long-term play. I think that crypto and "new investors" (those just entering the market) are playing a part. All I'm saying is that there are better places for investable dollars over the next 3-5-10 years.
Those with the deep pockets (major CXB shareholders) can wait and management collecting salaries (all well north of $500k annually) can wait. But the retail trade? If you really believe that CXB will play out you need to be thinking 3-5-10 years (IMO) and you have to ask yourself what does the stock price have to be to make it worthwhile? If CXB goes from $1.50 to $10 that sounds great. If it takes ten years that's not great...