RE: Don't believe the hype13 Jul 2020 22:03
Hype ?
There has been 7 posts on here and two posts on Twitter all day regarding CGNR and two on Advfn.
It’s up 30% and people were buying as many as they could at whatever price was offered today. Has something leaked? Multiple times during the day someone paid over the then offer for stock.
CGNR are targeting 8m oz and have a JORC resource of 500,000. That 500,000 in the ground is worth $900m at $1800 gold. Even risking that at 99% values it at $9m or double the current share price.
Shows the potential imho.
Yes CGNR have a shocking history and not many people have made money from them but things can change quickly and you pay your money and take a chance, if you want. Look at GGP for an example of what can happen.
Nai/DYOR