RE: events that will move share price IICCAA is holding the stock price back (in a good way) for those that enter right now. The cloud of creditors, the court, the legal process places this stock closer just being at the starting gates. It is possible with any CCAA exit rumours occuring the excitement will build previous to the shareprice race occuring.
Campbell just doesn't appear to be on map for most yet. The recent Nuinsco news release did cause approximately 9 million shares to exchange hands over the next two day period. This caused a 20% increase and a new base towards 0.115 - 0.12 , percentage wise this is a good move up previous to CCAA exit.
I think CCAA will be seen as a solid foundation to cash in on the warrants many will have. There could be some extreme volume during that period as 35 million warrants exist to profit from.
We can assume CCAA exit will put this stock above 0.15 cents for exercising of warrants. This is another 20% profit making situation for anyone in from here.
Will this be before the PDAC show or after? The plans of arrangement and stipulations are complete. The question is what is left to conclude the legalilities of court involvement. The money is there, the creditors have agreed, but is it possible to get this done by Feb 28th, 2007.
One scenario sees the PDAC show as a viable and well financed company representing itself. Fortier, Blais, Savoie having to explain a good investment while under CCAA is probably more hassle than they want. The CCAA story with CCH is a not a quick one to converse with every booth visitor. This could represent Campbell intends to be there on an Investor Relations basis post CCAA. There will a bit of a 'buzz' from a CCAA exit news release. This buzz could even be surrounding the booth at the PDAC show also.
Over 0.15 cents after CCAA in Feb.
This new flow of money into Campbell is how it will get anywhere close to approaching requirements to call back warrants in May of 2007.
Campbell normally puts out year end results around April 1-10th? Here is another standard news release that could change everything. The financing on the books, 18.5 million? Property valuation at year end will change. Exploratory properties being revalued for Corner Bay and the geostat study will change the book value. The financial picture will look better with the long term amortized debt and no short term debt.
Warrant profit takers, Year End Re-Evaluation;
Stock above 0.20 cents but probably not over 30 cents to call back warrants for the year.
The warrants being called after CCAA will bring another 4.5 million dollars for Q1 after the exit (if all of them are exercised). Lets assume atleast 3 million dollars from this. The Q1 figures will be released in the summer with this money. Winter there isn't a lot of production and has been said by Fortier before.
Q1 and any copper rand news will put this stock over 0.30 cents after summer. Thats a market cap of what 100 million? Depending on how good the news is this stock will continue its rise for the price targets Sprott and Nuinsco wants.
The over 300% percent return from here is available atleast for 2007.
Thats why Campbell deserves its praise and investment. Timelines may possibly change but 300% return for anyone from here , sign me up and obviously I am.