A very nice birthday present. High of 61 cents on Canada (with very little size offered there when i checked, so probably no significant overhead resistance), and a high of 49 cents in the U.S. Total volume of around 1 million shares.
Only 600k volume on Canada today. That is peanuts. Modest corrective "backing and filling" action is healthy. If it goes back to 40-41 cents U.S., I'm buying.
Yet, the stock goes no where. What the hell is a junior miner that is going to do 60,000 or so ounces this year, selling at a market cap of like $17 million?? Shouldn't it be like TRIPLE that??
Long and strong!
Sentiment: Strong Buy
Thank you. I think it summarizes the case for Claude, in a more narrative fashion.
"He" also suggests you go to seeking alpha and look under Claude's clgrf symbol, to have access to the article.
I had ongoing communications with members of management. I never recall receiving a formal written response to the 13D letter. They have pretty much turned Inspectra into a no cost "backwater" now, which I felt was responsive to the situation. The tragedy is that they were so desperate to create an alternative to suspension assemblies, that they kept throwing good money after bad, as long as they did, on that one.
But it's a whole new ballgame now! And we focus on the exciting future, not the past!
The dilution was unfortunate...and irritating, to say the least. But that is a "sunk cost"....and you are HORRIBLY NAIVE, in my opinion, for not have a position in this stock. I have no idea what you would possibly be waiting for....since OIS announcements could come very well come any where from a few weeks to a few months from now...but in any case, no later than the back half of this year. If the stock is $10-15 in anywhere from 6-18 months, and you are fiddling around here wringing your hands, right now, can't you see how foolish that is? You are missing the forest for the trees!!
Sentiment: Strong Buy
Actually, revenues of $1 billion within 3 years is more likely.
A "6 handle" on the stock is a watershed of sorts, and may draw even more attention...
Volume on Canada is running about 4-5x that on the U.S. So if you really want to know "what is going on" with Claude, you need to pay attention to CRJ.TO, as your stock symbol.
I am gratified to find this company FINALLY start to get the recognition it deserves, for the astonishing find that Santoy Gap is....and what it represents to Claude's long term future. Simply put, dramatically lower cash and all in costs, and the expectation of MATERIAL cash flow generation, and rapid debt pay downs, justify a stock, as some of the analysts are saying, at more like $1 Canadian (80 cents U.S.).
You're going to miss the additional run. Today's snapback, and closing with only modest losses, shows the stock continues to undergo massive accumulation.
Now have this back up to a full 10% of my total portfolio.
I expect this to be a huge winner over the next 6-18 months. My target is $10-15.
Sentiment: Strong Buy
Well, a full and fair auction should yield a full and fair price. Adequate, anyway.
There are other fish in the sea.
Well, that is absolute nonsense, as a speculation. It is the scotia coverage that is getting claude all the attention...with more coverage probably likely, since they flew a total of 6 analysts up there. Don't overthink it.
I'm not saying your price target is unreasonable. Any thing could happen now, with all the attention...and roughly 3.3 million shares of composite volume today, as i type.
They also set a one year price target of $1 Canadian, according to various web sources, and set an earnings eatimate of 11 cents Canadian for this year....which puts us, even after today's rally...at a mere 4x earnings.
I agree that 65k ounces is much more likely than 60k, since the new management has bent over backward to be conservative in its guidance...but also, is there any reason they can't come in at the midpoint of their cost guidance range? That would add another $50 per ounce in profit, or $3.25 M Canadian to the bottom line.
The only thing you have to be careful about is what AISC does NOT include. I know it doesn't include interest expense, for one.
My own guess is still that they earn something in the vicinity of 10 cents Canadian this year. (I expect them to continue to opportunistically hedge, as the year goes on...which could allow us to net perhaps $40-60higher, per ounce, than the average spot price, for the year.)