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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (54458)12/20/2007 3:05:47 PM
From: Nostradameus  Read Replies (1) | Respond to of 78417
 
Lol !! me too since I have zero CPQ !!

I try to continue what I did in 2007. Buy more out of favor stocks wait for a good jump. I don't like to chase a stock that go too fast. I did not buy CPQ at 1.50 $ , neither SCM when you talked about at 2.40 $ + . But started SCM recently at a more attractive price and no momo or promo......

I like SCM , you can see that insiders exercised some warrants recently.... So the new prospect is maybe a good place to drill...



To: Claude Cormier who wrote (54458)12/20/2007 3:05:53 PM
From: CusterInvestor  Read Replies (1) | Respond to of 78417
 
Claude, what news are you expecting in January? At least SCM does not appear to need financing anytime soon:

According to Irwin Olian, CEO of the Company, "We are grateful to our shareholder base for the continued support evidenced by the recent warrant and option exercises. They have brought in an aggregate of nearly $5.3 million, effectively creating a further financing for the Company. As a result, we now have a strong cash position of $8.4 million, enough to cover budgeted exploration and development costs on our Guyana portfolio for nearly two years at present levels. In addition, a substantial overhang has now been removed from the market for the Company's shares, which may have contributed to volatility in our share price in the past