can't hold the miner index down...even while offering up shares of all
kinds of very underpriced explorers and miners at lower prices to
keep hold of the only thing they can still control to some degree...
share prices...the metals are chomping at the bit...ready to go
higher...in MY opinion...
Stahlz_ I disagree with your timing and multiples cited. The time for a split of 5 for 1 would be when Coeur shares are selling for $120.00ea. I see no advantage for even a small increase in
shares while the share price is still so low that one can buy a 100 shares for under $2,500. A decent dividend of 5 annual percent ($100 million out of a $500 million cash flow) should be affordable without damaging the ability to acquire and explore for replacement ounces.
I'm so old fashioned I can't see how printing more shares is much different than
printing more dollars. The amount of wealth behind the dollars and the shares
isn't changed. Seems like a ponzi scheme to me. IF CDE is really a going
concern right NOW, they could give a dividend. IF they have better assets
in the ground than alternative ground assets they could acquire, then they
could perhaps expand their production from those, and thereby grow
internally. If they believe their exploration staff and/or engineering staff are
more highly skilled than their competitors, they could use them more
effectively than their competitors are and make better assets at a lower
price than they could usually buy them on the open market. IF they are
such a great company, let them prove it the old fashioned way. If their
problem is the banksters, let them join a bunch of other resource companies
and fight those same financial thieves. I think that is what their deal with
Franco Nevada was/is intended...to get partnered with folks more related
and sympathetic to their cause than the banksters. I think bashing the
Franco Nevada deal is being orchestrated by the banksters.
It isn't easy. It isn't nice. And there is NO doubt in my mind that CDE
continues to struggle within a system that is totally corrupt and not
capitalistic at all.