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CDYCF: effective Feb. 1,2022 "Pursuant to the terms of the Arrangement, shareholders of Cardero will receive 0.200795 of a World Copper Share for each Cardero Share."
FINRA will delete the symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Well, not bad performance. since beginning of August +100%.
Is this the end of the sudden increase or just the beginning of a major comeback ?
..to produce huge losses! They help you to get rid of your money easily!
Looks like Cardero has been reanimated! :)
CDYCF one for 10 reverse split:
http://otce.finra.org/DLSymbolNameChanges
Nice GREEN week!!
Put in two buy orders this week I hadn't bought any since January. I've been waiting to see where the bottom of this downward cycle was. Personally I think we've pretty much reached it, thinking of picking up more next week. Seeing some good price support this week.
As the mining sector turns around I think we going to see this start to pick up steam and I'd rather buy a little early then way too late. Looking forward to seeing what next week brings.
CDY delisted from AMEX To OTC. New ticker CDYC:
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/22/2013&mkt_ctg=NON-OTCBB
20dma crossed the 50 today as well as the RSI set at 10 is at 55, along with the Volume being 6x the average Vol. Hopefully those factors will be enough to alert some Technical Traders. Not to mention were close to the 200dma as well
I just don't like delistings and ending up on the OTC boards.
Looks like it could close green, I'm guessing it ends up being a non event.
sold for about 20% loss but aint thinking about it more. better to dump on news like this than hope for it to get back up on small trades. moving on.
what do you think of WYY and ONTY?
I just got home few mins ago... Guess i was Lucky to get .13+
10% loss!oh my....
Yes,Sold now
trying to sell yet?
not the typical Monday morning news one is used to but more a Friday AH news they slapped us with
morning. what's your take on todays news?
volume on Bid&ask seems to have increased drastically now
My thoughts exactly.
it sure looks that way
We have some serious accumulation going on here Since mid November... I belive this Thing will just Pop One Day...
Nice sign of some subtle accumulation, imo there's probably little supply left around this range and the next spike in buying should move us up with minimal resistance. IMHO, gl.
took a look at the 5 min chart for the last few trading days and there you see plenty of white bars with good volume comparing it to the red bars on just about no volume.
something is cooking here. JMO
I would love for this to go wild but i doubt it'll happen maybe 20-30%
id say thats heavy for a stock like this ;)
100k .15 Not sure if this is Heavy for u lol
are you in heavy
Looks like Pop could come
Yezzir, my thoughts exactly.
I think this might just pop. Low volume on red bars high on white... Is this coiling or what?
First I really like to see this insider doing so much buying the past couple of months in the .12 - .15 range, and that accumulation along with any else has gotten the price coiled up tightly. No guarantees in this game but I like the odds here.
Can i ask why? Im in and like the pop potential
I did too.....something's up.....
rookies bidding 0.0001 on CDY haha
can see the rooks pre market or after market on some of the penny miners, haha.
any odd trade is broken if it's more than 3% from the closing price... thinking they would fill your bid making the stock down -99.9999%.. haha.
might be interesting the first day ABX NEM GG GOLD RGLD are down -3%, watch the sub penny miners try and do what CDY is doing this week....we'll see if traders booking profits in the majors might try to run a few of the sub pennies.
cheers!!
Nice Form 4 filed after close. Insiders buying is always nice to see!
I got in this morning. Looking good!
where is everyone? Going to miss a double up on CDY tomorrow!
Awesome news! CDY
wow!!!! NYSE compliant and debt secured!
2.2 billion in reserves! CDY gonna go to the moon!http://finance.yahoo.com/news/nyse-mkt-accepts-carderos-plan-130000069.html
Wow! This stock looks dead. Dropped 21%. I wonder is the drop because of bad news today to repay a $5M debtor or is it dilution to try and raise the money to pay the debt. Probably both.
http://finance.yahoo.com/news/cardero-announces-demand-payment-secured-120000618.html
Cardero Announces Maiden Inferred Resource Estimate for Sheini Hills Iron Project, Ghana
SRK Reports 1.3 Billion Tonnes grading 33.8% Iron including 1.05 Billion Tonnes Primary Ironstone and Hardcap @ 35.2% Iron and 0.27 Billion Tonnes Detrital Iron @ 28.2% Iron
......VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan 11, 2013) - Cardero Resource Corp. ("Cardero" or the "Company") (CDU.TO)(NYSE MKT:CDY)(NYSE Amex:CDY)(CR5.F) announces the results of the maiden resource estimate for the Sheini Hills Iron Project, Ghana, undertaken by SRK Consulting (UK) Ltd. ("SRK"). SRK has reported an estimated inferred mineral resource of 1.3 Billion Tonnes ("Bt"), with mean grades of 33.8% Fe, 6.0% Al2O3, 37.3% SiO2 and 0.27% P, using a 15% cut-off grade, all of which falls within a Whittle optimization pit with a global strip ratio of 0.93.
Maiden Resource Estimate
SRK is preparing a National Instrument 43-101 ("NI 43-101") technical report, including a maiden resource estimate, for the Sheini Hills Iron Project in northeast Ghana ("SRK Report"). The maiden estimated mineral resource is calculated in accordance with CIM Standards on Mineral Resources and Reserves (CIM Guidelines) as set out in NI 43-101. The effective date of the SRK Report is January 7, 2013, and the completed SRK Report will be filed on SEDAR and made available through the Company''s website within 45 days of this news release. Investors are urged to review the SRK Report in its entirety once it becomes available.
In total, SRK has reported an inferred mineral resource of 1.3 Bt, with mean grades of 33.8% Fe, 6.0% Al2O3, 37.3% SiO2 and 0.27% P (at a cutoff of 15% Fe), all of which falls within a Whittle optimisation pit which has a global strip ratio of 0.93 (waste tonnes:ore tonnes) and which was generated by SRK to restrict the estimated inferred mineral resource to material which has potential to be economically exploited.
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Cardero seeks to discover and fast track the development of its dynamic, multi-commodity portfolio of high-quality precious and base metal prospects in attractive under-explored regions of Mexico, Peru and Argentina.
Cardero's commodity focus includes: iron, copper, gold
Founded in 1999, Cardero has developed an extensive network of financial, mining and government relationships. Cardero continues to maximize shareholder value by utilizing management's extensive geological and operational expertise to implement the most economically sound and environmentally friendly approach to building its business.
Cardero Resource Corp. engages in the acquisition, exploration, and development of mineral properties in Argentina, Mexico, Chile, and Peru. It primarily explores for gold, silver, copper, and iron ore. The company has options to acquire 100% interests in Incahuasi property, which consists of seven minas, two cateos, and one tailing concession located in Catamarca Province, Argentina; Baja California Norte (IOCG) Project in Mexico; and Pampa de Pongo property, which consists of 8 adjoining mineral claims form contiguous claim block of 8,000 hectares. It also has agreements to acquire an interest, or the right to acquire an interest in various properties, including Mina Azules property, located in Jujuy Province, Argentina; La Poma Property, situated in Salta Province, Argentina; Amable Maria property, located in the Provinces of Chanchamayo and Jauja, Department of Junin, Peru; Lolita property, situated in the municipality of Lopez, Chihuahua State, Mexico; and Pedernales property, Chile. Cardero Resource was incorporated in 1985 as Halley Resources, Ltd. and changed its name to Rugby Resources Limited in 1991. Later, it changed its name to Euro-Ad Systems, Inc. in 1993; to Sun Devil Gold Corp. in 1997; and to Cardero Resource Corp. in 1999. The company is headquartered in Vancouver, Canada.
http://www.cardero.com
Cardero Resource Corp.
Suite 1901 1177 West Hastings Street
Vancouver, B.C. V6E 2K3
Tel: 604-408-7488
Fax: 604-408-7499
General Information: info@cardero.com
Investment and Corporate Communications
Quentin Mai
604-408-7488 (ext. 226)
qmai@cardero.com
Highlights
* Aggressively exploring over 200,000 hectares of highly prospective Iron Oxide Copper Gold (IOCG) ground within the Alisitos Arc in Baja California Norte
* In 2003, regional targeting highlighted numerous high priority target areas. Subsequent ground follow-up and 'screening' identified several large, zoned hydrothermal systems with associated iron oxide copper gold mineralization (see PR May 19, 2004)
* In 2006, Copper Mineralization intersected at Baja IOCG project. In summary, all drill holes contain intense (texture destructive) IOCG alteration with associated visible copper mineralization (chalcopyrite) that varies from trace amounts to significant accumulations (+20 m). The results indicate that this newly discovered district displays all of the key criteria necessary to form a large copper (Cu) bearing IOCG deposit (see PR Jan 05, 2006)
* March 29, 2006, at Picale Target, Borehole 05-PC-03 intersected 6.5m of massive to semi-massive magnetite - chalcopyrite mineralization that graded 4% Cu & 0.4 g/t Au, within which 4.2m returned 5.5% Cu and 0.56 g/t Au (see PR March 29, 2006)
Highlights
* At 100% owned Iron Sands project totaling 32,000 Ha south of Nazca, coastal region of Southern Peru, initial test results of two bulk samples sent to Midrex Technologies in North Carolina, USA has characterized property as "very encouraging", concluding that a "liquid metal button containing ~ 94% iron, ~ 5% carbon and <0.05% sulphur can be produced with excellent separation of metal to slag." (see PR June 23, 2005)
* Pampa de Pongo, a 100% owned project totaling 8,000 Ha in Marcona District, Rio Tinto concluded that, "Wide-spaced drilling suggests a potential resource of 1,000Mt comprising approximately 75% magnetite." Furthermore, preliminary metallurgical test work carried out by RT indicated that a simple low intensity magnetic separation could produce a saleable concentrate grading 66 to 69% iron (see PR June 24, 2004)
* The independent resource estimate concluded that the Pampa de Pongo deposit contains an Inferred Resource of approximately 953 million tonnes averaging 44.7% Fe, 0.12% Cu, 0.09 g/t Au based on the results of the 2004-2005 drill campaign, 3D magnetic modeling as well as prior drill results obtained by Rio Tinto plc. (see PR September 06, 2005)
* Seven properties 100% owned totaling 60,000 hectares around the productive Marcona IOCG district
The Marcona IOCG district is the most economically important in Southern Peru because it hosts the large iron oxide (+/- copper-gold) deposits of the Marcona mine (1,400 million tonnes iron ore) and Pampa de Pongo (1,000 million tonnes 75% magnetite)
Highlights
* Nineteen gold and copper gold properties partially or 100% owned by Cardero totalling over 125,000 hectares.
* Finalizing the acquisition of twelve new gold properties located in the provinces of Jujuy and Catamarca in northwest Argentina. The properties cover an aggregate area of approximately 580 square kilometres and are a combination of 100% Cardero owned (staked) ground and land being acquired through option agreements with local third parties (presently being finalized). The discovery and acquisition of these properties is the result of an aggressive year long multidisciplinary regional exploration program targeting a Sedimentary Hosted Vein (SHV) model in the 61,000 square kilometre Ordovician Santa Victoria Basin.
* Geologically, the Huachi property is comprised of a high-level porphyry complex that displays all the characteristics of a high sulfidation, epithermal gold system. The property is also prospective for porphyry copper mineralization, the underlying intrusive phases are cross-cut by a well-developed quartz - sulphide stockwork and, locally, copper oxides (in addition to bornite - chalcopyrite - quartz - magnetite - 'shreddy' biotite and potassium feldspar) are present. During the initial property examination and due diligence Cardero geologists collected 47 rock samples within the "Main Stockwork Zone" at Huachi. Anomalous gold grades were returned from every area sampled, with an average of all samples returning 0.88 g/t gold. In addition, a 135 metre long continuous chip sample, collected in a distal portion of the system, averaged 0.38 g/t gold (within which a 10 metre chip sample returned 4.18 g/t gold).
Share Structure
(as at January 17, 2011)
Shares Issued 59,260,602
Warrants 0
Options 4,835,000
Shares Fully Diluted 64,095,602
Share structure defined: http://www.cardero.com/s/ShareStructure.asp
Float: 46.4M
% Held by Insiders: 12.00%
% Held by Institutions: 17.00%
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