Would like your thoughts on CBJ, if you have some time to check out another junior. ============================================================== Hi Tim, Although I did a brief looksee many months ago, I'm sorry to say that Cambior is not one I follow. Should I? I seem to remember something that caused me to look elsewhere and I'm thinking it might have been their hedgebook or something equally onerus. Are they hedged?
I see they have a triple digit p/e and their latest PR only spells dilution until they put the new money to 'good' use which isn't always a 'given' in easy money times like this.
I wish I could be of help, but there are so many miners and so little time! <GG> Good luck to you. =============================================================
Cambior Announces Closing of the Cdn $100 Million Bought Deal Tuesday August 12, 9:32 am ET
LONGUEUIL, Quebec--(BUSINESS WIRE)--Aug. 12, 2003--Cambior Inc. is pleased to announce that it closed earlier today its previously announced unit offering of 40 million units at Cdn $2.50 per unit, each unit being comprised of one common share and one-half of one Series C common share purchase warrant. Each whole Series C warrant entitles its holder to purchase one additional common share of Cambior at a price of Cdn $3.75 at any time prior to August 12, 2008. Gross proceeds of the offering were Cdn $100 million and the net proceeds, after deducting the Underwriters' fee and expenses of the issue were Cdn $94.5 million. The offering was made through a syndicate of underwriters led by Sprott Securities Inc. and National Bank Financial Inc. and including CIBC World Markets Inc., Dundee Securities Corporation, Orion Securities Inc. and Paradigm Capital Inc.
http://biz.yahoo.com/bw/030812/125411_1.html ============================================================== Coincidentally, there just happens to be three brand new (within a day) Cambior research reports out and perhaps they can be of some help to you.
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