The major problem with CMCL is incompetent management that is totally incapable of taking CMCL to the next growth level. When CEO Steve Curtis decided to list the stock on the NYSE AMEX & institute another reverse split this is the reason stated: "The board of directors of the Company believes that the listing of the Company's shares on NYSE MKT may result in increased trading liquidity and enable access to a larger pool of potential US investors". Of course that has not happened. Volume & liquidity on the AMEX & now even in Toronto are very low, taking into consideration the reverse split. CMCL is essentially a one trick pony that owns a minority interest, 49%, in one producing gold mine in Zimbabwe, possibly the most investor shunned country for gold mining because of the big time political & country risk. It had been thought that the real reason to list on the AMEX & do the reverse split was to take CMCL to the next growth phase by either merger or joint venture with economic producing gold properties OUTSIDE of the investor despised Zimbabwe. CMCL needs additional economic, producing gold properties outside Zimbabwe to reduce political & country risk & to take CMCL to the next level of growth. So far, there is absolutely no reason or advantage to CMCL shareholders for the AMEX listing & the reverse split. Incompetent management is CMCL's shareholders biggest obstacle to the future growth of the company & increasing share price. If not for the dividend, there is no reason for any new investors to bet on CMCL with it's incompetent management when there are so many more far superior junior gold stocks to choose from.
