Yes. See my post...it was up more than 10% at one point, I believe. Also own. Some profit taking today.
Peace Wisdom Agape~
Lagging? There is always a reason. Do they make money this year? How much debt do they have? What is the previous bookvalue and what is the bookvalue now? Go do some research!
"If there really is to be inflation ahead......"
That is the weakness in your argument.
How do you know there is to be inflation ahead ?
Silver is now rocking, SLV up 2.1% today while GLD is only up 0.85%. Yet CDE is up only 1.5% after a nice early move. CDE should be $11.70 right now, just to match the move from the silver mining sector since a week ago. Instead it's only $10.84, frustrating to watch at the moment.
Sentiment: Strong Buy
about 36 mill on 450mill total debt at 7.75% -100 mill on buyout the rest to build -the last build palmarejo was unfinished wnen credit crisis hit and cde could not raise funds so was forced into franco deal-the complaints aimed at management for not having funds secured ahead of build were numerous and correct-so its in the bank drawing whatever interest -growth and building mines is part of this business. is it a waste if we build and start getting 10million silver equivalent oz's with higher silver prices sure is tough buying and building in down market but sure is better than buying and building at top--so its 36mill in interest minus what its picking up in bank and if the building decision is no Coeur buys a working mine -if market crashes we have 350mill and puts --iif pm's fly the stock recovers and we dilute and use free cash to pay it down-
alex they might have gotten a good interest rate, but they are paying 39 million interest for nothing.
2 million shares traded yesterday ,ten times normal volume 6th highest volume day since 2006 this came out of nowhere-normal volume about 151,000-cde is not joining rally -seems somebody at least thinks an offer coming ftrom someone--only up.03 yesterday but big volume day
Now I'd say CDE needs to move up by 8%, just to catch up with the sector from a week ago. Either CDE is a big bargain or the market isn't liking something that happened at CDE in the past week. Sure there was the debt issued, but IMO they got a good interest rate, and better to use debt than issue shares when they are cheap. If there really is to be inflation ahead, CDE issuing debt now will look wise and the company will be very well leveraged to higher silver prices.
Sentiment: Strong Buy
is it just me or is this significant decoupling with its peer group somehow related to Coeur dropping its Canadian listing?
I much like Ed am confident that CDE will move once silver begins to move bullishly but my goodness there are so many Canadian juniors flying right now it is hard not to be discouraged.
We are in dangerous times indeed. It is sad to see that a lot of valuable structures and initiatives in the area of support for disabled, education, music and art, which have been construed during 30 years are being written off in a few years here in Europe, while the criminals in the City of London who created this mess are still filling their pockets. If only a loudmouth like Nigel Farage would focus on those criminals instead of on European politicians. We will never get an economic recovery, unless we lock up these financial sector parasites.
I agree with your analysis. But as you say, the SP is so extremely low, that a serious rise in silver, which I expect shortly, may lift this stock at least as much as others. We'll see.
Negativity regarding CDE is at the most extreme levels I've seen, which is (sadly and strangely) likely a bullish sign. Infighting among longs and previous longs has been intense...and a famous 'naysayer' (who pretends to be bullish on gold) recently tried to foment litigation against Coeur...all (sadly) tending to be bullish signs. It would be easier for me to trade without reading the message board or posting, but I have many friends here, despite all the online disagreements. I have found myself agreeing with the critics re Coeur, but still remaining hopeful for an eventual turnaround (without usually risking much dinero until/unless the turnaround looks extremely probable).
Stahz has sold, as have many others. Even more bullish.
I continue to be critical of management: Franco deal, endless dilution, paying too much for acquisitions (imo), awkward attempt at buyout of former Wheaton River (years ago) ... and mucho mas.
Neanmoins, holding my shares with no dry powder at the moment to add. Bien entendu, silver needs to become stronger and stronger for a turnaround in Coeur. Most others are launched already.
Meanwhile, these are truly dangerous times...even more so because so few realize what is occurring...what is being set up...for the 'masses'...in the US and elsewhere. The uber-controllers don't like 'We the People'...here, or anywhere else...We get in the way of their central planning...
Strategies for Profit for Good Causes
Prayers for Our Nation and Our World
Uptrend in silver has been solidifying overall.
See kitco and various guru folk comments and their charts, along with your own.
See news and report for SVBL.
Pershing had strong drill results and bounced after that report. Insider buying: PGLC
PZG has had high gains from low .78 to recent 1.40's
Some silver charts pushing toward 50ma/200ma crossover.
I own some shares of all of these, including CDE, tho I trade when the opportunity presents itself, usually keeping some of some.
Bullish on silver for the very long term. JUST my opinion and NEVER a rec.
Profit for Good Causes
I hope so Mblimon2000. CDE has been badly lagging the silver and precious metals mining sector. At current prices it should be at least 6% higher just on the past 5 days alone, merely to match its peers. The only good thing I can see about CDE now is that the volume has been very low, which suggests it's being ignored rather than hated. CDE may merely need "discovery", but it's frustrating to watch right now.
Sentiment: Strong Buy
Silver is very eager to catch up with gold and will do so the coming days IMO. Same story for CDE catching up with silver. And the shorts buying back, while selling is exhausted. Nice cocktail.
What causes anyone to believe that Franco would renegotiate the terms? Franco hit the jackpot on that one. They saw ol' Lemony coming.
have had great move with pvg bought on opening after bulk bulk sample release and have written covered calls at 750 strike price twice further lowering the already steal price-poor snook bought cde puts when cde was 24.00 and was already out of trading position-