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JustForFun7

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JustForFun7

Re: basserdan post# 21876

Tuesday, 10/26/2010 10:01:08 AM

Tuesday, October 26, 2010 10:01:08 AM

Post# of 35736
CDE - Opportunity?

The debt is very well probably the reason why the price of CDE is where it is at. That is what has provided this opportunity to buy this low.

The mines are up and operating now. They are past the big expenses and the mine start up dangers. They will generate the cash to pay down the debt. To me they are past the most dangerous part. If you believe in continued high prices for gold, the share price should increase substantially as the debt is reduced.

Wheeler is retiring at the end of next year. Lots of peple will be happy to see him go. Management replacement program is well underway with hires already in place. (Denver Gold show mentioned this).

One man's danger is another man's opportunity.

JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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