CRES.C -- Gold mining stock trading at below cash eq.
Another undervalued jam in the junior gold mining space. Retraced to .15 Fib support but note the accumulation picking up as the stock price started sliding down. That's my favourite kind of divergence!
The market is not taking into account CRES's holdings in other junior miners. Its market is currently below its cash eq. Holdings include:
VC.C | 8.9 mil shares at .42 | valued $3.7M,
AUCU.C | 5.3 mil shares at .51 | valued $2.7M,
RNR.C | 5.8 mil shares at 0.60 | valued at $3.48M
That's for a company with $6.75M market cap!!
The market is not taking into account CRES's holdings in other junior miners. Its market is currently below its cash eq. Holdings include:
VC.C | 8.9 mil shares at .42 | valued $3.7M,
AUCU.C | 5.3 mil shares at .51 | valued $2.7M,
RNR.C | 5.8 mil shares at 0.60 | valued at $3.48M
That's for a company with $6.75M market cap!!
