GREY:CATXF - Post by User
Comment by
fortun8on Nov 27, 2012 4:37pm
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Post# 20651342
RE: RE: Chart and share price are indicating
RE: RE: Chart and share price are indicating Oh Accountant....your disregard for investor sentiment which is often measured partly by chart is astounishingly out of character and your unbridled enthusiasm clearly shows that you are willingly ignoring facts and that is also out of character for someone who is supposedly highly professional in the field of facts (accounting)....having said that i would urge you to look at the facts which are i believe that Teck will get the info by Dec 31 and then they have 2 month to decide and if they decide against it then the company has 2 month to decide so that would be 4 month total i believe...now lets look at the burn rate and see if the company can go that long without raising further capital...I believe that there isn't enough cash currently to extend that far so we simply have to wait and see what kind of arrangements the company will make....so you see that the company currently has solid assets but there are few uncertainties that are still hovering and that uncertainty is what in my opinion is keeping the share price down....how else can you explain the incredible inprovement in fundamentals but yet such a horrific performance by the share price? i believe if any or some of these uncertainties clears up (we don't know if it will) then we should be comfortably around 0.72 cents and higher....you are the Accountant so do the math......this is all my own opinion and i urge you all to do your own due diligence as i have been wrong on many occasions and i could very well be wrong this time as well