I had a look at Stockwatch and the VSE Securities Web Page where they list this type of information. There is nothing to indicate CYJ has been suspended for review, this is just mere rumour.
Now for all those who question why CYJ is trading around 60 cents and not a dollar. Its very simple ! Although CYJ 's Arizona property has produced great drill results we do not have an estimate of tonage. We must also remember CYJ only owns 50% of the property ! The share price of CYJ at the current time is decent, compare it to other exploration companies with similar fundamentals.
What will make CYJ share price move up ?
We probably will not see any huge moves until all the drill results are reported and CYJ's geologist states the estimated tonage, and number of ounces. Second, the California property will be of significant importantce to CYJ's share price. If the property is as good as the company says it is, as soon as the first positive drill results are released this will cause CYJ's share price to hit 1 dollar. Remember teh California property is significantly larger than the Arizona property, it contains to mines that produced in the 1800s, and most importantly it is owned 100% by CYJ !
Is somebody controlling the share price ?
Remember in Jan you could have bought this stock at 30 cents after the halt was removed. There were several single trades in the hundreds of thousnads during that time. There are many individuals that hold huge amounts of CYJ and bought in the 30 cent range. I believe these same people are simply slowly selling off their shares at a time when there are many good cheap stocks to invest in. Also a 100% return is not bad !
A lot of you believe the stock price is being held down on purpose, this could be true. Go back and look at the Feb postings on this thread. All the people back then, including myself, thought sombody was keeping the stock down on purpose. The stock would trade all day in the 55 cent range, just before the market closed sombody would dump a few thousand shares and the stock would close downs at 45 cents. This went on for weeks !! Suddenly the stock was allowed to close at 55 cents, and the stock would trade in the 65 cent reange everyday. For the next two weeks at the close of the market, the stock would fall back to 55 cents because sombody was again dumping cheap stock at the close of the market. Then suddenly all this stopped, and the stock went from 65 cents to over 85 cents in days !!
So whats the point of the story and all these facts ?
I have no doubt that CYJ has good properties and good value. Within a month we should have the tonnage estimates for the Arizona property and drilling should start on the California property. We should also have a news release anytime outlining the work that should begin on the BC property this summer. CYJ share price will breakout when we all least expect it, and only when the company wants it too. I believe CYJ will go well over a dollar when this breakout occurs. The company and the promoter not only controls the news, but also the share price.
Notice how the company has given its directors stock options at 70 cents. Believe me these guys will be using these options, and selling at over a dollar to make a nice profit !! I believe this breakout will occur within the next two months, before Augest !!!!
JUST A FEW OF MY OPINIONS
Happy Investing !!!!!!!
Richard
|
