The Play Of The Day
Here is the play of the day (not a day trade) but a buy for the next few months or so. You will remember my pounding the table for CDE months ago at 3 and 2 and I said it would likely go to multiples of those prices based on past silver bull markets.
It recently got to a few cents below 5.5. There is a gap around 3.80 that should get filled this morning. That is the entry point for anyone looking to play.
I expect that when silver breaks $30 and runs eventually to $50, CDE will reach between $9 and $10, at least. (This is not investment advice, just my opinion.)
CDE AKA: “The original serial share dilutor” is certainly known for one thing: Issuing shares. If one dabbles in this stock be aware that you WILL get diluted. So it becomes a question of can you be in it only during times of market impulse moves to the upside where one is actually outrunning new share issuance. A game of sorts like musical chairs. Not saying one can’t make money, but you better be agile since you as a share holder will be viewed as a cash cow by management.
Personally I prefer to hold developers not burdened by legacy milestones around ones neck. I prefer growth deposits and responsible managements with actual skin in the game. Companies such as AYA, SILV, GGD, GATO.
If one is truly interested in jumping onto the “original serial dilutor” I would recommend before throwing ones money at this cash burning machine that one spend a few min researching just how many shares management has actually bought in the open market. It might raise ones eyebrows.
I understand your points which you have made before and I have acknowledged them. It doesn’t change the fact that this will go up(as it has in the past and again recently) with silver. It is not an investment but a trade. It is a speculation and as such only a small percentage of ones capital should be allocated as with any speculation.
And Plunger is saying there are better places to put your poker money to work, and you haven’t articulated a reason to choose this “serial” money pit miner.
Because for whatever reason this and HL though they may be absolute shit attract money.
He and trolls like you can create all the narratives you want. The bottom line is results. Up significantly(as much as any other speculative silver play since the bottom) and will be as much or more when silver continues to rally. Look at the chart, that is my one and only reason.