RE: news flash - Mine Opens
I don't know much about CCO but I do like getting a deal especially if it’s a low risk deal.
Here are the questions I want answered before I buy and hold shares for the long-term;
1 - How big is this future mine as a % of current and future mine production?
2 - This is the second time a flood has occurred and the repairs to the first flood were significant were they not?
3 - How much capital has CCO already spent to-date?
4 - What would the cost of writing off this mine in whole or part be?
5 - If they spend big bucks to repair again and the mine floods a third time, whose head is going to roll?
IMHO I would stay away until all the information is made public and you have all the facts before you take a gamble on this company.
JMHO, but good luck all