RE: RE: RE: baseball17 & easycoder baseball17
Very sad........... Indeed.
One thing we investors usually skip over and/or ignore is the declaration in Company "Forward-looking Statements" that tells us to 'not' rely heavily, (if at all) on anything management tells us, because it may not come to pass. IMO, it's very sad that we investors place our trust in management and give them amble opportunity to fulfill that trust, only to be disappointed in and with the outcome.
I'm presently looking at a share price that is 25% of my investment cost. Over the last few months I've watched the share price drop, yet I stayed with it, thinking that everything would balance out and go to the profit side of the baseline when the NI 43-101 was released.
I've lost 75% of an investment and the only way I can see any recovery is to continue to hold. After losing 75%, waiting for gains to appear it won't be that difficult to 'maybe lose' just 25%, while waiting/expecting something positive to come out of this. What do I expect?
1 - I don't expect a give-away sale price for the Company. This due to the investment costs of major investors.
2 - A possibility of a loan to up-grade, (through drilling) some of the other discoveries in/on the project, thus raising the value and consequently the share price too.
3 - The anticipated rise in silver and gold prices, that could occur at any time. This event alone will have a tremendous affect on CMA share price - See article below regarding this subject.
So, for what it's worth, I'm going to give it some time to see what happens.
Silver price actions consolidation pattern may produce 25% gains
Last week, silver’s sideways trading continued and it has not found a commitment for a breakout yet. More consolidative trading is likely in the near term.
Silver for September delivery rose 81 cents, or 3%, to settle at $27.80 an ounce. Silver advanced 1.1% on the week.
Next week, on the downside, a clear break of 26.07 will confirm resumption of whole decline from 37.48, and should target next long term fibo mark at 24.22.
On the upside, a silver price break above 28.5 will trigger another rally to key resistance of around 29.8.
In the long term, silver price actions from 26.15 is seen as a consolidation pattern. Such consolidation may end at around 37.5. A fall from 37.5 may extend to 61.8% fibo retracement of 8.4 to 49.8 at 24.2 and below. A break of 29.8 suggests one more rising leg before consolidation from 26.15 ends.
The big question remains on whether 49.82 is a medium term or long term top. The current development favors the latter. A price actions from 49.82 may just be developing into a sideways pattern.
https://english.mubasher.info/portal/CASE/getDetailsStory.html?storyId=2132841&goToHomePageParam=true