Corona Gold Corporation T.CRG

Is this gold rally real?

[Method]

It's certainly the more liquid gold stocks that have been racing higher over the past few weeks but if this gold breakout is real and we are on our way to $1500+ prices or maybe even new highs then much of the CRG portfolio has multi bagger potential.  Under that scenario, the NAV could be on its way to $1.50 from $1.00 in short order.  That could mean a lot more options for CRG management to create value and a much higher stock price.  This could be a very exciting time!

[RockLobster1]

how are we on NAV, this rally help a little? I can look it up, but do you have the top holding by %?  Maybe I will track a few of them.... thanks

[Method]

i guess it bottomed out around 95 cents in the last couple of months and has bounced to around 99 cents so a small bounce.  Obviously the cash acts as a pretty big buffer.   As for the top holding as a % of NAV Cash 38% Hummingbird (HUM.L) 28% Kilo Gold Mines (KGL.V) 13% Treasury Metals (TML.TO) 6% Sabina (SBB.TO) 5% Ryan (RYG.V) 4% The volume recently has actually been better than in

[RockLobster1]

thanks for the information...  I am torn on this one as it seems like such a great way to buy junior gold stocks at a 50% discount... but of course it can sit at the discount forever.  But I had some cash sitting and gold does look like it s starting a rally.. the bigger names are up a lot since the start of June so I am hoping the more juniors can follow.   So today I am the

[Method]

Hopefully that will be a nice buy!  The NAV ticked up a penny today up to $1.00. They do have a buyback in place but management has told me they are reluctant to buy stock back because Dundee and management own so much already.  I also personally think they want to conserve cash in case they find an asset to vend into CRG or the CRG/RYG combined company.   I have been doing some

[RockLobster1]

thanks...  yes I started buyin the 60's and so now have my avg now in the mid 50's..  I think now my biggest holding in a gold company, I like the fact that it is like a mini mutual fund of juniors but at a discount.   But I was burned on AAB Aberdeen due to the shady management, I like to think we don't have that problem. Usually a company buys back and cancels

[Method]

Insider ownership is kind of a double edged sword on this one.  Dundee Corp owns 23% and the board which are mainly Dundee Corp reps own 22%.  They should have interest in creating value through share buyback but they don't seem to want to use up the cash in case something bigger comes along.