It MIGHT be in the process of bottoming out. Over 1 million shares traded in 2 hours. At this rate, this might become the highest volume trading day that I can find or ever for CGR.
Sellers moving their money into something that is participating in the rally. I am thinking about adding to my position. CGR is producing at a break even level with current gold pricing so any further drop in gold will severely impact the ongoing operations for CGR. That's why I can't push the button.
yeah, if you still got shares of this company, like me, then you're probably just better off waiting it out, eventually the price of gold makes a difference, but so does management, and they are lousy, not the worst ever, but pretty lousy, like the conference call when they blamed a lightening strike for missing their numbers, tune in to the next CC for the latest creative excuse...
been in this stock for four plus years, can't see how we haven't got a new CEO, read ultraiffics posts for the skinny on why this stock is stuck in reverse, he's spot on
think long and hard before you pull the trigger and buy any shares of CGR, because you Could Get Reemed
we don't have any well-heeled white knights coming to our rescue...