Sell Canagold (CCM.TO) at 24 cents
The AGM was on 7/19, results were announced on 7/20. Over a month later, Sun Valley hasn't put forth any news on the financing at a premium. Looks like it was all talk, just to gain Board control. All they've done is announced the start of drilling. It takes one IR person a few mins time to put together a news release saying that. The old management team was capable of doing the same, so there's no real progress. Had Sun Valley really intended to set things right, they would have cashed up CCM already. I've given the trade well over a month. Waiting and hoping for Sun Valley to take action is not a trading strategy. I'm out.
Based on 29 cents entry on 7/21, exit at 24 cents for a loss of 17.2%. Shares are thinly traded, so make sure to use limit orders and sell over the course of the next few days if necessary.
Good Trading!
Kashyap