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Cerrado Gold Inc V.CERT

Alternate Symbol(s):  CRDOF

Cerrado Gold Inc. is a Canada-based gold production, development, and exploration company focused on gold projects in South America. It is an owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina, and the Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing its owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec. The Minera Don Nicholas property is located in the mineral rich Deseado Massif in the province of Santa Cruz, totaling 333,340 ha's of concessions. The property operates mining from two separate open pit areas, La Paloma and Martinetas. The Monte Do Carmo project is located in state of Tocatins, with claims totaling 82,541 ha of concessions. The Mont Sorcier Iron ore property hosts a large Iron resource with extractable Vanadium in a mining jurisdiction. The Property is located 18 km outside of Chibougamau, Quebec by road Mont Sorcier.


TSXV:CERT - Post by User

Post by tobinator01on Sep 05, 2024 2:27pm
142 Views
Post# 36210330

Compelling value here but a question.

Compelling value here but a question.I just discovered Cerrado yesterday and see it has a paltry market cap of US $17 million particularly in regards to a good AISC and 55k ounces expected for 2024.  However, looking at insiders I don't see them plunking down any of their own cash to buy their stock at what looks like bargain basement prices.  The trade halt was lifted almost a month ago, so there should be no obstacles for Insider market purchases.  The only real trade over the last month was an insider unloading 100,000 shares yesterday at C$0.22.

Any ideas as to why insiders aren't backing up the truck and filling their portfolio at these historical dirt cheap levels?
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