Comstock Inc (LODE)

[TMLonggun]

Huge news! Winfield removes boot from CMI's throat!

Corrado De Gasperis, President & CEO, commented, "This is a watershed moment in the Company's evolution that reflects our investors' confidence in our progress and forward plans and our boards ability to take steps necessary to maximize value to all of our shareholders. It immediately strengthens our balance sheet by significantly reducing liabilities on some of our richest properties, improves our liquidity and dramatically lowers our future capital and mining costs."

http://news.sys-con.com/node/3388780

This is the first time in years I have been pleased with something CMI has done. Winfield is going to stop bleeding us dry or at least leach a lot less! This is huge, removing one of the biggest reasons to hate CMI (its terrible structure favouring insiders over common holders).

Even lode .40 to .60 is now a respectable 50% and pretty decent gamble in the short term

After a 50% move in a day it is prudent to take profits. This is even larger than the huge one day move from 2010 and is the biggest spike since 2008 on 10x normal volume.

But today's news is material and no lode fanboys have even posted it! Without Winfield perpetually crushing the stock higher targets are more than possible. My new short term target is a dollar with a large % pullback in between.

All IMO, take it for what it is worth.