To All,
I have taken a relatively decent size position in CFTN (40,000 shares) for a number of reasons:
(1) Claude likes it.
(2) I like it.
(3) Management is in this to make it go and make money on their stock holdings... and not by milking it with big salaries and other perks.
(4) The new acquisition appears to be synergistic with the existing company.
(5) Only 10% or so of the property has been evaluated completely for proven reserves (to the best of my knowledge).
(6) The additional metals found in the ore keep the production cost per oz of silver low.
(7) Management is responsive to questions. Try e-mailing Keith Moeller and, surprise, you'll get a response.
Clifton Mining, for me at least, is a long-term "put-it-away" stock. The potential <IMHO> is huge over the long term, but this isn't a trader's stock... at least not in my opinion. This Company has proven reserves with significantly higher reserve potential, they don't burn money, and management has a large vested interest in its success (a major factor) and, again <IMO>, management has been doing a great job.
My only complaints. Their U.S. market maker isn't the greatest... look at the spread. But, perhaps this is due to the lack of trading volume in the stock... which can only be blamed, again IMO, on the PR firm's lack of creating interest in the Company. I'm not referring to hyping... just getting brokers and the public aware of Clifton Mining's existance.
Best wishes,
Marty |
