GREY:CLGRF - Post by User
Post by
oddykogon Mar 12, 2006 5:41pm
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Post# 10501129
Not a happy week
Not a happy weekClaude stock got hammered in price over the week and went down to levels I thought we had left behind. Not much volume behind the sales, but clearly no buyers at the higher prices. The Q4 results certainly did not suggest one needs to buy right now, what with volume still constrained and costs for energy, materials and labour all rising rapidly. I suspect that the higher gold price in C$ will start to improve things a bit in Q1 but we may have to wait until gold output rises next year for the real pay-off from all that capital spent in recent years at Seabee.