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Gold/Mining/Energy : Chesapeake Gold
CKG.V 2.200-5.2%Nov 21 3:46 PM EST
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To: JosephBlow who wrote (8762)6/30/2021 4:33:35 PM
From: klinker1 Recommendation

Recommended By
JosephBlow

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I am lurking .. this board my home page so i'm on it every day. I still can't figure out the risk scenario involved.

There are too many unknowns involved at this point. Accounting for a new and potentially problematic unproven technology that will lead to a massive drop in the number of gold and silver ounces that can be produced if any can be produced at all is extremely difficult. And at the peak of gold price randy chose to punt the resolution of the metates situation a good distance into the future. The dilution that accompanies this move plus the dilution required to get such a project off the ground will wipe out further value from the mix... Randy would have done a lot better if he accepted a reasonable price for the company before he allowed sprott and this new pack of empire builders to go to work on devouring his and the rest of the shareholders interest.. so a sure fire in situ gold investment has turned into a problematic one... I haven't completely abandoned hope but there are many unknowns that need to be resolved...
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