The Case For Coeur
I first recommended CDE on March 7th at $3 in a post about silver being a great value play at $21. Putting aside the follow up posts, where I said both CDE and HL could be taken out by strategic buyers looking to guarantee future supplies of silver, CDE is now at $4.43 and likely headed to $6, $7 or $8, if not higher. Two years ago in June of 2021 when silver was around $26-$28, CDE traded at $9-$11. Taking into consideration the dilution from additional shares and the likelihood that silver will at least trade back up to $28 soon, the stock is grossly undervalued at this price. If either a takeover comes or more likely silver trades above $28, the stock has significant upside from here.
This morning’s metal takedown by the Comex crooks inspired by the BS nonsense from Waller and other FED idiots is just another opportunity to buy the dip. Ignore their open mouth policy which will be going into the quiet period soon before the early May meeting.