CGT - onwards and upwards

Drilling found more resource the other day - things are looking good for this one.



*I hold a small amount of CGT stock and am not a financial advisor so don't take anything I say as investment advice (+ I joke alot )

 

I took the punt & got 24,000 a couple of weeks ago.

The buy price was 4.1c
It is now 5.2c
Paid a total of $989
Now worth $1248
Profit (so far) $259

I have made 26.2% profit in that time.

CGT
CASTLEMAINE FPO (ORDINARY FULLY PAID)

24,000 24,000 0 0.041 0.052 1,248 259 26.2 0.001 24

57 buyers for 9723472 units 24 sellers for 3170985 units

 

you beat me in boneyard I picked mine up @ 4.5 cents a piece - mostly due to fence sitting choosing options SVL,CCU,CGT and MMR were all saying I'm a good ride sailor pick me

 

Hobo-jo I pretty much agree mate - as soon as production starts and you get cashflow this will jump nicely.

 

With the stock market, I only "play" a few companies.

I like to be in control of my assets & the stock market my fiat is in someone else control.

But a fun little sideline.............

 

I'll laugh when they follow the seam, and find empty pockets and ratholes left by old UK coal miners, from the gold rush days.
Just like what's on display at the Sovereign Hill mine tour. Also reminds me of Lightning Ridge as well.

These little earth pillars of gold holding up the roof. I think I can scrap off just a little bit more...

Ballaratholes, mwahahahaha

 

Wow that is a specy stock.. I go for the likes of HAV myself. only 80 mil shares too.

 

As for HAV............
kicking myself for getting out @ 50c.......

 

Only very slightly..let me be upfront in saying both are specy but very capable of giving you a very big bang for your buck..

I am in no way trying to put down CGT as a company or speculative trade. Hell i ran my chrting lines all over it today after reading this thread and who knows? if it gets over 7c it may be off to the races.

remember i am not an advisor...

 

You make a very good point there hobo-jo.
And you are absolutly right that the options should be considered.

 

Hobo: At what point do we normally see projected production rates? This would come as the mine design materializes yeah?

Enjoying your blog and views.

 

6 cents hit - go you good thing

 

ooops. ta.

 

Ssssshhhhhhh I want to pick up more while the goings good - cat bag and all that

 

I'd be very interested to hear some learned opinion on Lawson Gold (LSN)? I bought a small amount on spec at the IPO earlier this year.

LSN is a subsidiary of FerrAus (FRS) which I've held for a couple of years now with over 100% gain (on paper, at least. Worth nothing 'till it's sold :|)




Disc: I hold LSN and FRS. DYODD.

 

Bought in today.7 to 1 buyers to sellers.

 

Hobo jo, this little puppy is starting to look good..if it holds and closes at high above 7c with good volume it will be a very good start to 2011 for CGT i think.
Peter, what is the market depth at around 7c? lots of offers there?

 

Currently 6.8c.About 750000 above 6.5, 650000 below 7,5.
Very volatile.

 

nice, 6.8 close on 4.1 mil.. i suspect this will bounce of 7c consolidate a little then push up for another try.. If it goes through 7 and holds i am gonna buy this..

 

+1