Coeur should earn 30 cents or more in 2007 without Kennington. At 15 times earnings, it is still a $4.50 stock.
This stock has been sold off all last month. IMO, the Court decision has already been discounted. The news may have been leaked or the smart money made an educated guess on the outcome. It may touch $3.70 tomorrow before returning back to $4 in a week or two. Just my opinion.
Prove you are not all talk and post your confirms from your short positions or at least provide a link. Why would 21,000 oz's cause the stock to drop 25% or almost to book value? I just feel like the bad news is priced in I'm long 30k shares and as of right now I'm down 15k on them; so maybe I am delussional.
the amount of short posters here on a non event in terms of actual monetary position as well as actual mining issue is significant
From a contrarian point of view this looks like an ideal buying opportonoty on any weakness Monday - silver is in a long term uptrend and likely to overtake gold as an investment in the short-medium term
Management generally release bad news in a down market and if this is all they have on options expiry (new contracts created an uptick at the end of the day)- there's nothing much more to come