From: Texas77 | 2/28/2009 10:22:22 AM | | | | In light of yesterdays earnings report I think CDE deserves a post. They earned a penny when analysts were predicting a loss. S&P recently downgraded them from B- to CCC because they said they expected them to have cash problems next fall. I think the release shows that won't be the case. Once S&P upgrades them (at some point will have to happen if CDE reports are true) CDE should get a nice pop. The shorts should start to cover soon. All I can see is upward pressure for the coming months even if silver continues retracing a bit.
Anyone else out here with some analysis?
Thanks ... Dave |
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To: DHB who wrote (610) | 3/3/2009 10:07:52 AM | From: Texas77 | | | I got my fingers crossed. That plus the getting operations started at its new Palmarejo silver and gold mine going could be big. |
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To: loantech who wrote (612) | 3/3/2009 1:22:40 PM | From: DHB | | | I honestly wish I new, I used to really look for the news and there was a glimmer or two of hope, I was onsite working on a concrete plant and can't believe the deal got shut down after the permit was in place. There was-is alot of cash in play that is setting idle at this point. They are crushing rock for CHr%^%$#^%$st Sake not using water cannons or acid. DHB |
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To: DHB who wrote (613) | 3/3/2009 7:48:33 PM | From: loantech | | | Well it is the pits especially after permits were issued. Just not right. Please keep us informed.
Tom |
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To: Texas77 who wrote (617) | 3/11/2009 9:20:56 AM | From: Texas77 | | | Did anyone notice the large short covering on CDE over the last month? (led NYSE for mid to late Feb - 13.9 million fewer shorts)
If they announce production at Palmarejo this month we could be off to the races. |
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