Replies to post #924 on Claude Resources, Inc. (fka CLGRF)

[stocktrader1]

This stock really sucks now! You are right, this was a horrible move on their part, at least for the short term share price!

[tsoprano-1]

I think lost in all this is the fact that without delisting voluntarily, we would have done a reverse split. Personally, I have nothing against them, but have been burned recently on sttyf and aunff. but, here we get a cost savings probably approaching $250k, still trade in US and don't have to do a RS. In my mind, this is an opportunity to load up. They still have a crapload of cash and can forget about AMEX/NYSE bid minimums as they wait for gold to go back up. There is every rational reason for gold to be higher other than that GS and Morgan are short and need to cover, thus the sell recs and manipulation downward. I will be following price of gold and how the company performs with their digging. GLTA

T

[flemsnopes]

Compliance costs for the non-reporting stocks on pinksheets would be zero compared a possible $500,000 on the NYSE, although I'm sure CGR was not paying anywhere near $500,000, considering their market cap. Additionally, they would have been thrown off the exchange anyway, for not meeting the minimum share price. The cost of trading on the regular non-reporting pinksheets would be nothing, and should they choose the OTCQX which provides a verified form of transparency, the costs would likely be in the $15,000 range annually. Once the price of gold recovers, I suspect few investors will really care where CGR is trading as long as they have some reasonable expectation the company is turning a profit. If by some illogical twist of markets, gold does not recover, CGR and many other gold miners are probably toast.

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