Opinions
Ron Meisels
China Gold International Resources
CGG-T
WATCH
Sep 27, 2007
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.
$2.230
Stock price when the opinion was issued
precious metals
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
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.
precious metals
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.
precious metals
Advertising