GREY:CCNMF - Post by User
Post by
AARMYon Mar 31, 2008 9:30pm
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Post# 14924894
Fantastic news
Fantastic news
Isaya; your post was dead on the other day and I am not surprised at all with the pullback today. Having said that over 100K shares of the trading today was done above a $1.88.
Hudbay is definately against the wall now. However, I don't expect HBM to act quickly. I expect continued stalling as long as possible. Without exceptional drill results I see a $1.70-$2 trading range for the next couple months. This give's us time to load up (as if I don't own enough). Callinan has many things going for it, so back up the truck, you get very few opportunities to load up on fundamentally sound, cheap companies. A royalty company in the politically stable country of Canada trading at 5 times earnings???
Once the big players step in it will be too late. This is just the beginning for CAA and in 3-6 months we're all going to wish we had bought more. Trying to trade the ranges is dangerous, one day you will wake up to a $4+ company and wish you hadn't cheaped out trying to pocket 20 cents!!
Good job Mike, I know your a patient man who's going to get us full value. HBM is scr*wed and I love it!!