Don't let this opportunity slip
posted on
Dec 10, 2008 10:08AM
I made a quick comparison of CSG with other gold producing companies and came to conclusion that CSG is really cheap.
Technically speaking, $.24 is the resistance level. So any move, on volume, will put this stock into a breakout pattern that should meet the next resistance level at $.40, and then at $.60/sh.
I believe the $.60 level will be achieved and broken after the announcement of the Q1 2009 earnings are released, somewhere about mid June, 09. This projection is based on the price of Gold being stable and projected gold sales and earnings being met or exceeded in Q4,2008 and Q1, 2009. Once it crosses $.75/share, (all time high) look out. The sky's the limit
If you have investable cash, it will be hard to find a better opportunity than CSG to double and triple your money without much risk. Buying now and above the $.24 breakout is a no brainer.
There are only two things needed for the results.
1. The Company must get their great story out to qualified investors and institutions.
2. CSG should get a better stock listing to be taken seriously. This should be concluded in the next 3-6 months. I hope the Company is listening.
I'm the guy who said CSG will never see $.10 per share, and I said we hit the bottom on Gold when we did. I'm still positive.