Is Contango a Buy?

Contango Global Growth(CQG) has dropped from $1.10 to just under a $1.00 today. What is the reason for this fall and do you think it is a buying opportunity to buy more?

 
Regards

A: Thanks for the question.

I can’t give you any specific reason apart from a lack of buyers in a thin market and for whatever reasons, some seller.

You will note that the NTA was $1.09 on 31 October.

You may also have noted through ASX Announcements that I purchased 50,000 units (through my super fund) ion 15 November  at $1.02.

Regards


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