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Claude Resources, Inc. Message Board

  • hopeful200 hopeful200 May 19, 2013 1:43 PM Flag

    CGR pricing context....you won't believe this

    There are approximately 250 trading days in a year (factoring out weekends and holidays). Backtracking to the earliest time Yahoo provides historical prices on CGR, that being Dec. 15, 2003, guess how many days CGR traded intraday at .30 or lower PRIOR to the past month's revisit to such prices? From Dec. 15 2003 until April 17, 2013, CGR saw a .30 or lower intraday print only 56 days out of approximately 2,340 trading days (9 years and 4 months of trading days, adjusted for weekends and holidays). Further all 56 of those trading days were between October 10, 2008 and December 31, 2008? Does anyone remember what was going on then??? it was a time of market euphoria, right??? LOL....it was a time of utter market panic. So, until April 17, 2013, across a span of 9 years and 4 months, there was only one brief period of 3 months, where market panic and major tax loss selling was going on, that this stock saw the prices we are seeing right now.

    Another bit of trivia......for 74 months out of the past 112 months since Dec. 15, 2003, CGR was priced at a buck or higher during those months....on some of the months at 2 bucks or higher.

    So the majority of the time since Yahoo has tracked CGR pricing, it has traded over a buck per share and only one spell of 3 months across a 112 month span did it see intraday pricing of .30 or below until last month.

    Now, one has to draw his/her own conclusions. Neil, said the stock price was appalling in the earnings call. History bears his statement out. IMO, we are witnessing a short term phenomenon, almost more weird than that of late 2008. The only mild justification for CGR pricing would have been its requirement of financing a short while back....but that's been remedied.

    I don't see the factual information in this post being dismissed lightly, IMO. Nothing is ever certain, but I sure like the odds here....especially when supporting by all financial statement metrics I've researched.

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    • yeah, nice post hopeful

      OK, i keep waiting for this stock to hit bottom, and maybe it has or is about to, hard to time perfectly, but sure seems cheap here, don't think we will get much lower

      i like BRD a little better though, and like CRCUF more too, got some MEAOF and CGR, got all four of those four Canadian gold juniors/explorers, and now is not the time to sell, it is time to buy, because all the experts like jim cramer hate the miners, really HATE the miners, so that's a signal it's time to buy IMO

      there is a good article on CGR that came out a few days ago, it makes the bullish case for CGR, but maybe is too easy on the management, can't blame everything on them, but they do have a long history over over-promise and under-deliver, so not gonna load up the boat with CGR here unless it dips under twenty cents

      maybe MEAOF is more a buy too than CGR, just because that stock is a lot cheaper, OK that management is evern worse than Claude's, but how much worse is it really

      nice interview with Andrew Maguire on king world news out today, he thinks the bear market in gold is just a virtual bear market, paper gold is in a bear market, the physical market is hot, lots of gold being bought up by sovereigns and easterners during this price smash, so that makes it not a bear market at all, big money comes in to buy the stuff at a discount, and huge short positions have been built up, when the downward momentum turns he predict a rush for the exits and we could see a massive short-covering rally, and he thinks it might happen soon

      would hold CGR here, and maybe buy more on dips, avoid panick selling GLTA

      Sentiment: Hold

    • good post. may grab a chunk more monday morning. seems like a decent opportunity

 
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0.1632-0.0066(-3.89%)Apr 16 3:51 PMEDT

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