Goldtent TA Paradise

CDE Drop

1. EagleSeagle says:

   February 9, 2017 - 3:56 pm at 3:56 pm

   Not yet…

2. Karl says:

   February 9, 2017 - 4:18 pm at 4:18 pm

   Someone like EagleSeagle could comment on it as a trade.

   For its value as an investment plenty of people here are more qualified than I. However I have looked at it from a distance for many years. I would not touch it other than for a trade. While management is less overtly reprehensible than the prior Wheeler management, it does not seem so bright. It has made a habit of producing lots and lots at losses (while management is well compensated). A telling sign of not being exactly on the ball is that a few years ago they accidentally forgot to do the routine refiling of claims around the Rochester mine. RPM.v swept in and claimed them (after making a tour of the Rochester mine as part of some geology group tour, I have read)–then negotiated a deal with them.

   So someone like Cashcosts could give a far better opinion than I, but I say someone smart can trade anything for a profit (cockroaches, residual Enron shares, who knows), including CDE; that anything may do well in a bull market; but that I suspect there are better investments out there.

   • Plunger says:

     February 10, 2017 - 8:08 pm at 8:08 pm

     Karl: Spot on analysis. Yes that is the correct way to view this company. So if one wants a trade wait and let it base.

3. Marcusjames says:

   February 9, 2017 - 4:24 pm at 4:24 pm

   Thanks for the feedback. I always appreciate it!

   • Karl says:

     February 9, 2017 - 7:33 pm at 7:33 pm

     I hope someone else responds about things like fundamentals. I don’t know EagleSeagle’s timeframe. Mine is longer term. However I really am not a good source–totally casual onlooker. I do know that they have the reputation for burning through a lot of cash not particularly sensibly, and that they have lots of debt. Undoubtedly someone nimble can make money though if only on a bounce.

     • Plunger says:

       February 10, 2017 - 8:11 pm at 8:11 pm

       A review of some management moves exibit the true boneheadedness of this company. They way overpaid for the purchase of Bolisi (palmajejo) in Mexico.. That killed their shareholders, then they allowed Franco to bend them over a barrel with their royalty stream as they were desperate for cash.

       All that being said in an upward silver thrust this company flies.

4. traderscott says:

   February 10, 2017 - 10:58 am at 10:58 am

   Bought 500 shares at 9.50, will bail on a close below $8.71. Looks like a bargain to me, we’ll see what Mr. Market has to say.