CDE finished at the high of the day, even when increasing more than 9%..
That is extremely bullish. It is clear to all, that this stock does not belong at these ridiculously low price levels.
This SP is artificial, call it virtual.
Up to. You win. But you will lose big time on your short position.
This stock is not only 200% below its real value, it will also become MORE profitable much faster than other miners because it has made a turnaround in all aspects.
That is, if Management stays the course.
Q4 provided improved production and grade, while diesel cost went down and the Mexican peso depreciation made labour cheaper. That sounds like a bottom in the AISC.
For me it was not clear whether that was Q3 or Q4. The presentation was made last week, so I understood the $13.14 would be for the last quarter of 2015. If you are correct and the $13.14 referred to Q3, then we will get an even bigger surprise, as you say.
During October, silver was at $16. During November-December, above $14 on average.
I think you are too conservative. When it is indicated that the AISC was $13.14 in Q4 of 2015, you may expect positive cash flow during that same period, because the price of silver was above $14 during most of that three months.,
Margins are important, Ron. When they are negative, it confirms the negative image. When they are positive, it will wake up new investors.
I expect a small retracement from $2.57 and then we have a cup and handle pattern, which will lead us to much higher ground.
But during the short squeeze of the century you simply don't know what to expect.
Makes quite a difference whether you get in at $2.20 or at $3 or $5. Particularly now, that Coeur has indicated that its AISC per AQ equivalent ounce was at $13.14 in Q4 of 2015.
Must be nerve racking for those that brought the SP so low to buy back those shares, while institutional investors are moving out of Apple and are starting to take position into this sector. Meanwhile the price of silver can only be contained by fraudulous action in the London silver spot market.
A lot of tension.
I think we will get very chaotic and big movements, because shorts will be competing with new institutions for the same shares.