Another day of silence from $CDNL management and J
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Posted On: 01/25/2017 5:47:20 PM
Another day of silence from $CDNL management and January is fast disappearing still waiting on the financials, and the PPS is back down in the low .004s after the Friday spike its back down from whence it came. To top it all now it appears that any rise in PPS will be sold off by traders LOL.
This has been the savior of the third world for the last few years and will make longs rich along the way and now its apparently nothing more a trade for small % if some are to be believed.
I am not concerned either way, but the lack of anything concrete or filed does concern me., I used to really believe KJ was on the up and up and i was a huge supporter of $CDNL, but the more i dig the more i think the deck he is dealing with is not straight. I want this to succeed but i have huge doubts right now, i will not reinvest until something real is filed. If i miss the bottom so be it, but the PPS is right where it should be. if not a little high based on the current situation, KJ has had adequate time to get the wheels rolling forward IMO, but it always seems to be treading water. If you want to see a alarming picture take the time to look at the financials from the last time they were actually filed for September 2015, i know these will be restated, but that will actually make the picture worse more than likely.
http://ir.cardinalres.com/financials
Most alarming is the 2014 accounts when they actually made some sales, but it was costing more to sell the items than they received for the items. The losses are not good, plus now we have many times more common shares out there diluting the PPS, i know some debt was paid off with that small chunk of Chinese money but it looks to me like $CDNL are in a deep hole and the Chinese where the rope, ropes been cut.
Thoughts anyone
This has been the savior of the third world for the last few years and will make longs rich along the way and now its apparently nothing more a trade for small % if some are to be believed.
I am not concerned either way, but the lack of anything concrete or filed does concern me., I used to really believe KJ was on the up and up and i was a huge supporter of $CDNL, but the more i dig the more i think the deck he is dealing with is not straight. I want this to succeed but i have huge doubts right now, i will not reinvest until something real is filed. If i miss the bottom so be it, but the PPS is right where it should be. if not a little high based on the current situation, KJ has had adequate time to get the wheels rolling forward IMO, but it always seems to be treading water. If you want to see a alarming picture take the time to look at the financials from the last time they were actually filed for September 2015, i know these will be restated, but that will actually make the picture worse more than likely.
http://ir.cardinalres.com/financials
Most alarming is the 2014 accounts when they actually made some sales, but it was costing more to sell the items than they received for the items. The losses are not good, plus now we have many times more common shares out there diluting the PPS, i know some debt was paid off with that small chunk of Chinese money but it looks to me like $CDNL are in a deep hole and the Chinese where the rope, ropes been cut.
Thoughts anyone
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