GREY:CDKNF - Post by User
Post by
siempre33on Apr 20, 2014 9:25pm
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Post# 22471051
Jay Taylor on The Gold Report --
Jay Taylor on The Gold Report --Jay Taylor (4/9/14) "I like Cayden Resources Inc. in Mexico. It could be a takeover target. There are only 41.8M shares outstanding and it has very savvy management. CEO Ivan Bebek co-founded Asanko Gold Inc., and he has brought in strong technical people. Cayden is very well funded. On April 1, it closed a $9M financing at $1.70. The stock is trading at $1.93 now. The company has two properties. El Barqueño is a shallow target that can be developed fairly quickly. Cayden has something like nine targets there, and on the first target Cayden drilled, the Azteca, it hit commercial-grade gold on 24 of 25 holes.
Cayden's other property is Morelos Sur. That's in the Guerrero Belt, which is an up and comer. Cayden thinks this might have greater long-term upside than El Barqueño. Some of its claims there are right smack dab in the middle of Goldcorp Inc.'s Los Filos property, and Goldcorp is going to have to have them. In fact, Goldcorp's pit runs onto its territory. I think Cayden wants Goldcorp to know that it is not desperate and won't be forced to take whatever Goldcorp offers it."