Tuesday, June 21, 2011

CGT Castelmaine is up 10% already price .044

CGT:ASX Castlemaine is a gold producer I identified in May 2010 price 0.048. At that time the article said that they had purchased the company for a tiny 4.1 million dollars.
I purchased some in ........ and this week they had a big announcement about a major gold find i, possibly the biggest find ever in Victoria, Australia, Ballarat.Ballarat was one of the early goldfields and has produced a huge amount of gold over the years.
Last night there was a 10 min segment on CGT on ABCTV 7.30 report.
So what value would you put on that amount of free advertising!
I think their target market, conservative small cap share traders will jump on board today. Price at close yesterday was only a 0.004 cents. less than half a cent each.
Already today it has risen 10%.
It was a bit of a rush to get some.
CGT expect to reach the rich gold seam by august.


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