Back from a rather interesting work related trip to be pleasantly surprised at the price appreciation of Canmine. Hope it keeps going up for everyones sake.
Few things I've noticed from the latest posts (don't believe I'll be able to comment on them all):
1) agree with the wording of the NR...needs help.
2) Happy with the $1.2 million flow-through financing (congrats) to continue exploration of Binco where the true blue-sky potential for Canmine exists.
3) wheres the financing to cover overhead ($1.7 million 1998) and $1.5 million required for the Cobaltec facility, and $10 million production costs???? No production until the real money comes in!
4) Has Canmine slipped back to an exploration play, which is ok with me because I still believe nickel production is a dream, cobalt production is a real likelihood and the significant stock movement will come from the speculative play at Binco.
5) the bears are seeing commodity prices rebound and looking favourably at resource base stocks again. Asia showing signs of recovery, in fact slightly faster than predicted.
6) If Ted was a such a great predictor, why didn't he tell you to buy Inco in June at $23 like I did. Now over $31 today!! And how many people bought his stock in the $3 range when $4 cash flow was promised 2 years ago!! Timing is everything in this game.
7) Canmine should see further price appreciation (don't know how much) as the seniors are now moving higher and blasting through their 52 week highs.
8) Selling? Who got all those shares for sale? Not too hard to figure out...cheap Red Engine shares comes to mind.
9) Don't believe in Marshhawks conspiracy that an organization is selling stock to purposely keep the stock down. The market always knows good from bad. Share prices usually trade accordingly. Still a few more pieces of the Canmine puzzle need to be solved before the big money will move in. And when it does, we'll all know!
10) delays with laterites and lower LME inventories, as Marshhawk and others are doing a wonderful job pointing out here on this thread, will have a greater net effect on the senior producers (as we are experiencing with increased share prices of Inco, Falconbridge, Noranda, Breakwater etc). Eventually it should trickle down to the juniors at some point in time. Right now I'm sticking with Inco as my favourite metal play.
11) Yes we have reached bottom and hopefully looking up from here.
12) Canada still needs a real resource based success story. No reason why Canmine's Binco couldn't be it!!
Marshhawk, no need to jump all over me point by point. Overall things are looking better for your investment (still not close to recovery) but none the less a real metals market looks to be short comin, which is good for all of us.
Good luck
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