Simple, Mod. I think a 10 to 20 bagger is not even close to the potential that a long term hold on this stock can produce.
Unless I'm wrong, if this stock hits 1¢, that would equate to a 5,000% increase from where we are now. (isn't that a 50 bagger?? I'm not sure how that is calculated. Isn't a 10 bagger 10 times the original price? So a 20 bagger would be only .004?)
Yes, some of the long term investors here are looking at a large averaged price per share. They will struggle to get even in the near future. But the key to CGFI is that they will be in operation for years to come.
CGFI has a virtual monopoly of the milling in the area. Even just providing a milling service, profitability is guaranteed. (once they get back to milling.) The mine
leases however will be the big sources of income.
The better the business, the better the possibility for dividends in the future. I hope for those with the higher averaged prices that they will get a chance to see that happen.
I have been buying CGFIA for almost 2 years. But I was fortunate enough to average down to .0003. Many others here who are longer, did the same. (And a lot of the new investors have a fantastic opportunity to make big gains in very short order.
That is the way some things go in the investing world, I'm sorry to say.)
So managing your investments is important. If you bought at a high price and subsequently lost faith, then the best thing would have been to cut your losses. (Tough thing to do, take a loss like that.)
That is why doing your own research is important. If I had listened to others, (even my own stock broker) I would have been out of CGFIA long ago. But I trusted in my own research and applied what I knew about industrial processes, machinery and business, and concluded that the chances were much better for CGFI's success than their failure. But I needed to "learn" what to do in an investing situation where a falling price was hurting my investment. ("average down" See, I needed the investing knowledge. I had the other business experience to draw on.)
Not everyone will win a big jackpot on this investment. But there are many who will.
I hope you are one of the winners. (I wish that for all, but I don't know what the situation is for everyone.)
I see great possibilities in $CGFIA's future. Probably if you knew some of the things I knew about manufacturing processes you would see it too and be more confident. (and I do not mean that in a derogatory way at all. I just have years of experience in industrial systems of all sorts that I can base my judgement on.)
I wish all the holders of CGFIA stock good luck!!
Don't take my word for it, Do your own research! Then you will know it's true!
