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Claude Resources, Inc. Message Board

  • don.cassel@ymail.com don.cassel Feb 11, 2013 9:44 PM Flag

    This stock is something LOL!

     

    Gold goes up, CGR hovers around .55.
    Gold goes down, CGR hovers around .55.

    I think our stock might be autistic.

    Don

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    • Mgmt spent too much money in the past several years pumping the "exploration upside" to CGR from the Madsen and Amisk properties.

      They wasted the money drilling holes, and should have invested it into Seebee/Santoy operations, in particular, a mill expansion at Seebee (desperately needed if expanding production is the goal)

      Since they need more production to repay debt, and even survive long-term, squirting away all the millions on worthless projects that will never get built, was dumb.

      Until they increase new mill capacity, there is no way they produce enough free cashflow from operations to thrive.

      The stock price is merely reflecting this new reality.

      Sentiment: Strong Buy

 
CLGRF
0.2439+0.0039(+1.62%)Jul 22 3:23 PMEDT

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