True, however based on this question... from someone who either doesn't know or is really new here... it is the answer. Also when they started the 9cent divi program a couple years ago they said they wouldn't declare which part was return of capitol and which part was divi until the end of the year. I am not sure that they came current to divi on that or if its still running the same rate.
Hey, I thought his posts were useful... and the most important part He Was Right. He even told you when the bottom was in and should by... when he left. (serious about this last part he left at the bottom.)
It had better be more than 10:1. 1.76 isn't high enough. If you did 30:1 you could get it to 5 dollars. If you are going to RS at least accomplish something while doing it. Plus they need more capital which they will issue shares for... you can't do that at 1.76.
Cooperman. Its tough for the big guys to be right all the time. He came here and made 11% div while he waited for another investment to come along... geez I wonder what that was... Lets look around has some asset class jumped off a cliff to historic lows that would be worth a billion dollar investment? Oh look there it is oil. End.
Good point of view. However, from Baxters point of view this works out for them as well. Baxter doesn't want to launch Triferic. Goes worst case scenario and Triferic kills people when they release it (it doesn't but we will pretend it does). Baxter say oh well and loses 20 million they have invested and walks away. If Baxter owns the company they lose Billions. Baxter is happy to make sure the drug launches successfully from the sidelines even if it has to pay double or triple for the company later, it still makes sense.
I am newish. I bought before last earnings just a little early. This should pay off its not that complicated. Last quarter they through in all the garbage and one time items and the next 2 quarters should be great. Lets hope they guide up.
Are there really people stupid enough to short a stock below 2.00... If anything happened anywhere in the world they would get slaughtered... Nigerians attack a pipeline, or Russia says no oil for the west, or anything really I could be anything.
PZG and CDE are going up up up. Why would you sell now? Europe is going to shoot the bailout cannon in the next week and gold will jump again, and you still have those poor souls in oil rotating to gold and silver for safety. But #$%$ do I know.
Its not locked below a dollar its locked at .2016 x the price of CDE. As CDE goes up the the value of the .2016 goes up and the price of PZG goes up. I don't recommend trying to game the math... the computer algorithms will keep it in lock step to the CDE price.
I don't know what I am going to do with spinco yet, but I will hold CDE into the next cycle. I also own AUQ which I am very happy with. Best of luck to all.
I have a bunch of those as well. Like fitty said this is better than it looks. CDE will be a good investment and we will still have spinco as well. I am convinced our management did the best it could in these circumstances. Without the ability to raise capital to weather the storm they were forced to make a move.
Thats like saying the pos rusty truck on the corner is only worth 100 because that was a available that day. The truck has a minimum value... does it run? 2,000 is it just scrap? 500. The scrap value of this company is more than .68/share
I don't know either of you, but I have started to trim holdings in AYR and used the proceeds to build a position at FLY as well. I don't know much about FLY management but if the company is run poorly someone will just buy it or they will figure it out... either way it goes up.
Gold... I guess I lose. I had recently purchased shares in PZG and now they have been bought by CDE with shares. So now I hold both CDE and AUQ.