RE: Good RNS3 Jul 2019 21:23
Nero, we obviously don`t look at your example with the same view. I see the CNR share price peaking in the mid 2016 and that being the start of a falling trend to this day. Gold did follow the same pattern down for the first 6 months but at the start of 2017 the POG went sideways within a range until a final dip in Q4 last year followed by a strong rally. CNR has been in a continuous falling trend over that whole time with the odd bounce which no doubt correlated to RNS announcements when optimism was better than it is now.
If CNR had any relationship with the POG surely it would have at least appeared to attempt to track the recent strong gold rally.
The two have been strongly diverging over the last 6 months, way past the height of the political disruption of last year.....I wonder why that is! No, I know why that is, its because the faith has gone very thin, the sentiment has been eroded over time, uncertainty has set in deeper, and traders and investors alike have better homes for their cash, while all we keep getting are more presentations saying how hopeful MC is that some sort of deal can be hatched.
To cap it all, we get an RNS stating that the flagship project is now going to be delayed further.
Like I`ve argued with the Solgold fan club over recent years, the gold is still in the ground (theirs is 1 mile underground) and until CNR start coming up with a significant decisive move to get it out of the ground it won`t matter what the gold price is.
Granted, the political situation didn`t help, but thats all dissipated somewhat as evidenced by the deal B2G has just done, so why didn`t that news give the CNR sp a kick....and I don`t mean 3%, I mean 25% from this very low level.
CNR shareholders need something legitimate, some sort of realistic light at the end of the tunnel to cling to in order to reverse this falling trend with significant strength and purpose...but as it stands all they`re getting is further hurdles and silence on how they intend to bring some short term revenue in via a smaller production stream, and that`s why the share price is in the toilet.