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- 28 May 2020
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Ok, so it appears the toll processing agreement has secured funding via Austral Gold.
No timeframe for the refurbishment.
Mick
No timeframe for the refurbishment.
Mick
Don't be absurd.CEL has released an updated MRE for its South American deposits in Ecuador.
It has doubled to 9.1 MT to give about 7 million ounces of gold with with about half the deposits drilled, so will probably get bigger.
On a normal day two weeks ago, this would have generated a good boost in its SP.
Today, meh, opened down but has since recovered.
Tough market this one.
Mick
They will pick a start point that maximises yield, so the early years will generate the most cash.This is six months late and half the exploration target they were ramping last year. Unbelievable.
But, this has got to be worth something. Some of the high grade stuff is close to surface which is good, but it's going to cost a lot to dig this all up. A half a billion tons of digging.
They will pick a start point that maximises yield, so the early years will generate the most cash.
Then like all the other goldies, they spend a lot of time and money looking for the next big thing to keep them going.
Mick
Sold half my holding this morning.
Got a speeding ticket from the headmaster.CEL still powering along.
Another 52 week high this morning.
Going to hold on till I am at least a million in profit.
Mick
KK is phenomenal. He's nearly true to his word from several years ago. Wasn't the share price in the low 4s only a few months ago? So he's already doubled the SP once and it won't be too far off before he doubles it again!!Got a speeding ticket from the headmaster.
CEL management could provide no reason for the meteoric rise in SP.
At least not publicly.
I am guessing there is someone sniffing around.
Maybe a takeover in the offing?
Mick
Still a good figure to walk away with MickSold half my holding this morning.
Up 70% on my average buy in price, so will take the profit and sit on it a while.
Mick
EDIT: I lied, it was only 50% profit.
Delusion... I meant dilution... Freudian slip maybe.KK is phenomenal. He's nearly true to his word from several years ago. Wasn't the share price in the low 4s only a few months ago? So he's already doubled the SP once and it won't be too far off before he doubles it again!!
This guy is a legend.
But in all seriousness this company and this board just simply has no credibility (God how many times have I said that now). From 2 years ago they talked about no more delusion no more delusion no more delusion. We heard about selling off Ecuador to fund things and that still doesn't seem to have happened. We hear about small-scale toll treating to fund things and well that doesn't look like it's the case.... We here about off-take agreements Precious metals royalty streaming to fund the things... Still waiting on that....
But since he first mentioned that he wouldn't be diluting the shares I reckon there have been including todays five capital raisings???
And stinks like vegemite on pig feces that the chairman's company is involved again in yet another capital raising it's just stinky.
Delusion... I meant dilution... Freudian slip maybe.
This is probably better discussed elsewhere... But is there some intelligent investing to be done via the threshold between 9.9 cents and 10.5 cents on the ASX as trading moves from 0.1 to 0.5 cent intervals? There would definitely be some research on this.
Just thinking about this since cel hit 10.5 this morning
Buffet says always invest in good management... However an acquaintance of mine always says management does not matter - if what is in the ground is good - you can dump management. The problem is my mate is very wealthy and takes portions of a company (like buffet) but will push to scrap existing boards if required. I can't take a portion of a company woI refuse to go anywhere near this puppy poo. That might have cost me recently, but I just can't bring myself to give them any money. KK has zero credibility and can not be trusted. To think that he was the initial reason I was interested in this. Doh!
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