loantech, trying to piece through your excitement for CKG
See lots of hope but exactly what's there to be excited about...I know you like the management based on its prior successes, but are they really on to something new or trading on the momentum of their names.???....Stock has had a little more bark than most of the dogs in the group as the chart below attests. I own a little, but superior performance can end quickly if your rocks don't have ore, and especially when they have to come to market for more cash...
There's no zest in junior gold explorers that I see...We all know their prospectors can stumble over a rock, call it an identified reserve, rush to the market do a bought deal, do some more drilling that takes years, promise a feasibility study, go for more financing, let the shareholders get taken to the cleaners by the Canadian brokerage crooks, THEN MAYBE come through with a feasibility study that shows they can make 15% after a road and power is put to their remote, dangerous, inhospitable location BUT they need another half a billion dollar to get started SO more private (pirate) placements, debt and shareholder dilution....
What's CKG doing that is different from this standard routine...Investors have wised up....this ain't 1993-4 anymore...This isn't even 2001...
Without $500 Gold I am wondering are there enough fools being created (or left) to elevate many of these aspiring juniors past $5 per share...
CKG one year chart (this is one of the better looking histories....little financing grease with fix that...)
stockcharts.com[h,a]dacayyay[dd][pc20!c200!c50!i!f][vc60][iut!Lb14!Lp14,3,3!Le12,26,9!Ll14!Lya7,14,28!Lf][J39065630,Y]&pref=G
.....excuse my bad attitude, but, admit it, generally speaking the lower tier miners, particularly the junior explorers, have been one poor group to be long this year. They certainly were not buy and holds....What's going to make it different in 2005....?
Six Hundred Dollar GOLD !!! ??? |
