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Re: lonewisher post# 1093

Thursday, 01/03/2013 11:37:53 PM

Thursday, January 03, 2013 11:37:53 PM

Post# of 4940
The idea of a reverse split worked very well for CDE, Coeur D'ilene (spelling?) in its silver mining venture. I recall when shares were trading at about $.70/share in late 2008 and within a few months a 100:1 reverse split was done to attract outside cash to ramp up operations in a hurry. A year later the stock was trading above $15/share. A huge cash cow!

Those were volatile times and while I don't doubt there is volatility headed our way yet again, it really matters if the reserves are "proven" rather than described as "potential"..More diagnostic data from Dan is needed very soon..