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I'm in, this stock didn't bounce back like POLY, HGM, CEY, PUR, SOLG ......
I think we can do +40% from here especially if the Gold get higher.
Please comment if you have a view about why this stock didn't bounce back
It's a possibility.... unfortunately.... hope not
Who knows? Maybe a repeat ... Executive Order 6102 hmmmm. BW
How do you evaluate a Gold mine, does 100£ per once in the ground a good way?
and silver and copper. whats the risk here when gold is at this price.
40p easy again.
Gold will shoot when the idiot Mr market realises that he is in a deep **** recession and that everytime we see markets rise due to bs pandemic under control is just more BS.
I dipped my toes in yesterday on impulse and memories of CGH times but after reading Shaktar's posts, I have sold just to be safe. Now is not the time for risk. It is about capital preservation. I would put my money in producers, not explorers or developers. It is disappointing that after 10 years, Tulkubash is still 2 years away from production at best. That will probably get kicked again with this current situation.
SXX is a cautionary tale for aim punters. I was in there in the early days, got in low teens and sold in the 30s after Bill Frank, a poster that graced these boards many many years ago illustrated the value by working out the capex and the dilution that would take it to production giving it a fair value of 9p. I checked and double checked his figures and it seemed logical so I bailed rather than held.
I am grateful for MA's present to bail me out of CGH and I will now stay on the sidelines for another 2 years before I will return to see how Tulk pans out. I pay attention more to bashers on aim rather than rampers. Especially bashers that have sound calculation.
GL guys. Sorry for not hanging around.
gutted I missed the rise to high 30s but I didn't have a patience to wait and was uncertain about the funding. The fact that MA is still buying is a good sign if he has faith. However, even he hasn't a crystal ball on what the world will be like in a year's time considering the fast changing landscape so I have only dipped my toes because this seem to lag gold price at the moment. I am gonna give this a few months and I will be checking in here regularly to hear your views....
Welcome back - the whole world has changed but we’re just mulling along, making good progress, very apprpriate mgmt team well experienced to the general area we’re in. Results in April, funding needed but very unlikely any placing.
Looking good and reckon you’re lucky with your new entry price
got back into this after a long absence. Bought back at the same price I sold. What has changed? Does it look better now?
Wow look at the gold price come on Cgh this time next year imagine 2000 dollar for gold and Cgh nearing production I guess £ a share looks good
Someone's confident.
All blue looking good let's hope we can kick on.
Wow gold price up share price down great
gold price shooting up a bit of good news and will see 50p no problem very soon
I'm sure a £1 is on the horizon. I did sell 100,000 shares at 31 pence when it started sliding back and bloody typical it bounced back! Where's a crystal ball when you need one? Have a good weekend all.
Any how I have a lot riding on this and like you £1 is on my mind I know I sound like Del boy but I don't need to find a watch lol
I have done the same as you sold and put into ISA I also have a lot in my SIPP I have 100,000 to sell sometime soon as I need the money but I am not selling the SIPP or pension shares because knowing my luck if I did some great news will come out and I miss it.
You say you buy and sell in 15000 only don't that cost you more with fees
I have a core holding in CGH that I have had for years at an average cost of around 7p and have been gradually moved this across into my ISA and even used it to top up my SIPP. I am trying to get my risky shares into tax efficient plans. That way if they do well there is no tax to pay even when I cash out (pension is more long term). This strategy has really paid off as I now have a massive ISA stuffed with CGH shares. This allows me to play with timing when buying and selling this one stock. The secret is to keep trades below 15,000 and do them very quickly online. Fortunately Martin is the back stop and he obvious has very deep pockets. He does want to dilute the shares as he expands his Chaarat Empire. Read my past blogs for my take on this (I only write about CGH here).
Once the price started dropping from it’s recent high, 38p, (small sales for Christmas money perhaps) and Martin didn’t respond I knew it would fall considerably it bottomed at 29p but could have been lower. He must have been asleep! It was always going to pick up again at some point as he needs to keep the price steady or rising. Otherwise he’ll get a landslide of small worried investor getting out. The price has now miraculously started to rise quickly on very low volumes currently at 34p. I have sold and rebought some of these as I am in this for the long term but if someone is going to offer us Christmas presents then I’m happy to take them.
If you can live with some uncertainty then stick with Martin but look to take profits on the pull backs.
I expect (hope) CGH will go over 100p in 2021.
Merry Christmas
Bankside are you still holding I was tempting to sell a 100 000 if my holding but was hanging on for 40p I had that feeling it was going to drop of again
EASY MONEY. CGH Share price is definitely being manipulated... it is amazing that a few thousand pounds worth of buys and sales can change the share price by 10 to 20% ... when the major shareholder appears to be the only person buying.
Is it those pesky little shareholders selling to get some beer money for Christmas or the half billionaire major shareholder, whose reputation for financial wizardry was honed in the aftermath of the Russian 1990’s privatisations. Cheers for the beer money Martin but will the naked price ramping be questioned. Perhaps YOU can beat the Lassonde Curve. I don’t think so but happy to take your Christmas pressies.
My point is that the price is following "the usual pattern"... as per The Lassonde Curve... therefore having identified the pattern sell when it is falling and buy back after it rebounds... I believe it is still falling and may well go back down to 24p area unless either Martin keeps buying or they have some VERY positive news about buying other assets. The Chaarat deposit is already priced in and Kapan is only offering cashflow and a some diversification and spreading a little risk. Sure there is potential but no large investment companies will touch this until financing is in place and progress is being made in construction of plant at Chaarat. This will herald the next price reset. Chaarat is currently shutdown for the winter and Artem doesn't seem to be delivering on the aquisition front. Dusty seems to be pulling his weight but adding ounces isn't the game changer here, that has already happened.
Am I reading this post correctly? You are suggesting buy high and sell low?
As for news flow, there have been significant developments over the last year. The share price is just following the usual cycle.
It may not be a fair critique since I just posted on the spur of the moment but it seems to have prompted Martin to act as he then bought 2x 250k shares at 29-30p. It just goes to prove that he is the only person keeping the share price at this level. The next support level is around 24p and I think Martin need the price to stay as high as possible say above 29p to help him negotiate his funding.
The problem is he is trying to fight "The Junior Mining Company Life Cycle" which is highlighted in The Lassonde Curve >>> https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/. I believe CGH is the "Orphan" phase but has yet to reach the bottom inflection point.
News flow is very important to this stock price and over the last few months there hasn't been much to shout about.
I'll buy when it reaches 24-25p range as I believe Martin will ultimately be successful. I thinking the price will rise to over 100p but not for 18 months or so. Good prospects but you can stomach uncertainty? I recommend sell on the dip and buy on the rebound. It'd definitely dipping right now.
No, none of that is fair. Quite a few Directors have been buying not just Martin who obviously did have some need to support the sp before the last month but has not continued at the moment.
Don't think we've gone into hibernation mode that oft used to accompany this share in the long winter. A Measured & Indicated M & I update for Tulkubash is due this month and our major funding is set to conclude early 2020.
It's been drifting considerably the last month but on minimal volume. Upped a bit today and that's what we need