Cerrado Gold Inc V.CERT

What's going on?

[Chizkiyahu]

Hi,

I'm new here. I bot shares yesterday. I noticed the bid is lower while the gold price shots up. Do you know what's going on? Is there any negative on Cerrado Gold? Thanks!

[yureja85]

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[ABDPhil]

CERT is currently accumulating 2 consecutive quarters of losses, despite a POG above $1500 USD. The costs associated with moving sterile material consume revenue and destroy opportunities to improve the performance of its operations through investments financed by its cash flow. Without a "significant increase" in POG, this funding will have to be through shareholder dilution. Otherwise,

[Chizkiyahu]

Thanks ABDPhil. My understanding is that people are selling due tax situation before 2023. I believe it will go up if the gold price climbs up monthly. 

[ABDPhil]

You may be right about the tax losses and the increased POG, but we can't be sure. Don't overlook the possibility that the POG will still be at the same level in a few months, which would have greater consequences for Cerrado. To collect losses quarter on quarter, it is necessary beforehand to have constituted a treasury able to resist, which is not the case of Cerrado. Take the time to