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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (211)3/30/2000 3:11:00 PM
From: goldsheet  Read Replies (1) | Respond to of 4051
 
> There are two things I don't like about CDE:

There are many thigns I don't like about CDE, don't own it and would not buy it, just reporting the information.
You know that I am not even excited about silver.

> Its huge debts of $285M vs its liquid assets of $125M

On a positive note, $235M of that is convertible debentures which they can may eventually issue shares for or buy back at market prices (probably 50-60 cents on the dollar).
I don't think they are going to end up in a squeeze as serious as SSC - at least they are addressing the issue

> Its high costs operations that do not generate the cash flows necessary to pay down that debt. They need a low cost project. Now.

I definitely agree with this point.
If silver stays under $5, I think some folks are going to have redo numbers.
CDE calculates their reserves at $5.50.



To: Claude Cormier who wrote (211)4/10/2000 6:44:00 PM
From: Robert J Mullenbach  Read Replies (1) | Respond to of 4051
 
Claude, Nice chart of ABX,

markets.tradingtech.com

XXXXXXXXXXXXXXXXXXXXX

I just about bought,

CDE at 2 3/4 for a gamble today,

maybe I should just shoot the moon on AEM,

I see you don't like CDE right now,



Do you have a price that would make it a great speculation.??????????



To: Claude Cormier who wrote (211)4/10/2000 6:52:00 PM
From: Robert J Mullenbach  Respond to of 4051
 



To: Claude Cormier who wrote (211)4/10/2000 6:54:00 PM
From: Robert J Mullenbach  Respond to of 4051