CRUUF Releases Breaking News This AM & Continues To Hold Strong Technicals
CRUUF packs a couple catalysts that I want you to be aware of as they could spark a share price rise.
Number 1: CRUUF technicals are still triggered as a “Strong Buy” and it is now seeing its medium-term technicals move to “100% Buy.”
Number 2: Big news this AM is slowly making its way around the block. Check it out:
Cameo Initiates Comprehensive Review of Max Mill and Mine
VANCOUVER, British Columbia, March 11, 2019 (GLOBE NEWSWIRE) — Cameo Cobalt Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo”) is pleased to announce it has undertaken a series of strategic corporate initiatives, including a comprehensive review of its recently acquired MAX Mill and Molybdenum Project.
The Company is in the process of engaging a team of accomplished industry consultants, including mining engineers, geologists and financial advisors to administer an extensive review and analysis of the MAX Mill and Mine (the “MAX Analysis”). The MAX Analysis will include:
- Exhaustive inventory and asset review;
- 2019 replacement cost report;
- Review of the MAX Mine and Mill’s modern economics in relation to past production; and,
- Analysis of strategic funding sources.
Cameo plans to formally announce these strategic consultants upon official engagement.
Akash Patel, Chief Executive Officer and a Director of Cameo, stated: “2019 is set to be a transformative year for Cameo. With the addition of the Willa-Max, Cameo has redefined its corporate profile dramatically. Cameo’s Board is of the opinion that there is substantial shareholder value to be unlocked within our asset and property portfolios. The Company looks forward to advancing our exploration and development initiatives in an expeditious and responsible manner”.
Read the full article here.
If you haven’t pulled up CRUUF, do it now, because these catalysts could bring some heat to this mining alert.
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