RE: the.05 was known = distribution last weekIt is NOT a distribution when the high volume occurs at the same time the stock is achieving hew highs, as occurred on several trading sessions recently. That would be better described as aggressive buyers taking out everything on the offer all the way up, and certainly is not an indication that anything was amiss prior to the earnings numbers. Nor were the earnings themselves a disappointment, since anyone who has followed the copper market would have known to price in lower revenues during the time that copper was in freefall. CS has outperformed every other junior miner in Mexico during the first two quarters after recommencing operations, and have accelerated the growth curve to potentially deliver blockbuster numbers in the future quarters.
I look for improved metals prices to be realized in this quarter. I look for higher throughput at the mill. I look for greater recovery efficiency. And I look for increased production per tonne as they are opening new access zones in the lower levels with much higher grade ore. All of these factors, plus the addition of the late shipment from last quarter, will go straight to the bottom line. Investors are forward looking, and it will not take very long for people to realize just how much upside is built in to the future quarters, on top the impressive first 6 months of operations.
Swale you have absolutely no class at all, and I find it disgusting that you sell your stock and then show up to snipe at the stock with your flawed and biased analysis. You made the mistake to dump your position ahead of a major uptrend. Live with it. Grow up and better luck next time.
COACH247