RE: what to do10 May 2018 21:22
Ghostwriter, before you start accusing me of market manipulation maybe you should take into consideration your opinions stated at 15.48 that appear to say that alluvials are going well and a deal for the hard rock is coming. None of which has been confirmed.
"Pie314, this has not been a "market maker led treeshake". The drop has been directly as a result of Q1 results traders exiting as fast as possible and a few longer term holders giving up because they don't think CB can deliver.
Where I agree, is that this has been an overreaction from the standpoint of the company being in perfectly healthy financial shape, with a growth profile and plenty of upside potential, not least of which, coming from hard rock operations (the main event) due to commence soon without incurring shareholder dilution, in particular;
1. A deal with a large contractor unlocks Fair Bride under a royalty arrangement.
2. Omnia's JV 50/50 hard rock operations are due to commence production in Q3.
Meanwhile, alluvial operations will continue to improve alongside improved seasonal weather, increased contractor knowledge and strategic positioning."
Good evening to you.