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11/2/15

Continental Gold (CNL.to) and the boy who cried wolf

By the negative reaction to Continental Gold's (CNL.to) NR this morning, i.e. a new multi-year low at the open, it would seem that even the hardcore sycophants (you may know them by their alternative title: "independent non-editorialized sellside brokerage analysts who always tell the truth and never hide anything from their clients") are having trouble taking Ari Sussman at his word these days.

As for the core message in the NR, that CNL will get its environmental permit approved by the end of the first half of 2016, IKN is now taking bets on that one. Obvious reasons.