Opinions
Paul VanEeden
China Gold International Resources
CGG-T
DON'T BUY
May 01, 2006
Has a very good project in China. If you are okay with investing in China, there are two companies that stand out, this one and Sino Gold. Not a fan of China.
$1.430
Stock price when the opinion was issued
precious metals
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BUY
Old mining in China. They will be in production in Q2, which will represent about 120,000 oz. of gold with “out of the ground” cash costs of about $2.50 an ounce. Very profitable situation. This will give them the cash flow without any further shareholder dilution, to explore their other properties.
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WATCH
From 2003 two 2005, the stock dropped from $5 to about $.50 and since then has made a major base building. Broke out in February and is now in a secondary accumulation. Look for a breakout from this secondary accumulation (About $2.20 - $2.30.), which is probably the next major up leg for it.
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DON'T BUY
Made a wonderful base in 08-09 and then broke out. Had a wonderful rise into early 2010. Pulled back in the middle of 2010 but rose again and fell again this year. In a very wide trading range. 200 day moving average is turning down and the stock is below that. If you own, put a stop loss at around $4. $5-$5.10 would indicate a new breakout.
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