Cash Minerals Ltd (C-CHX) - In the News
Energy Speculator refreshes Cash Minerals buy
2007-12-24 10:33 MT - In the News
Shares issued 109,059,269
CHX Close 2007-12-21 C$ 0.45
The Energy Speculator in its Dec. 17, 2007, issue, refreshes its buy of Cash Minerals Ltd. at 32 cents. The newsletter or predecessor International Speculator said buy three times between Jan. 2, 2004, and Oct. 15, 2007, at prices ranging from 23.5 cents and 62 cents. An investment of $1,000 for each of the three buys is worth $2,867. The Speculator's writer checks over the press releases and notes a statement disclosing litigation with Archer Cathro, a Yukon mineral consultant. Archer claims $395,000 plus interest for work it claims to have done for the company. The writer phoned Cash president Basil Botha to get the company's side of the story. The Speculator quotes Mr. Botha as saying, "The onus is on Arch Cather to prove his claim and we will defend." The writer figures that with both sides firm in their positions, the matter will wind up in court. That may be the only fly in the Cash ointment. Besides the lawsuit, everything is going well for the explorer. The writer figures the company has interesting projects and that it is a great buy at these prices. Expect lots of results in 2008, he adds.
AI
