GREY:CLGRF - Post by User
Comment by
oddykogon Nov 17, 2008 4:36pm
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Post# 15591339
RE: Does anyone have any thoughts..
RE: Does anyone have any thoughts..I doubt it. Just a few holders with larger positions exiting in a very weak market. We are running out of digits on the downward scale. Just 17 more digits before we hit zero! Zero seems an unlikely price, since they have a mine functioning perfectly well, even if the cash flow is puny, and a potential mine which has delusions of grandeur that it may one day rival the Goldcorp Red Lake mine. With the market now valuing the stock at less than the sales price for the O&G assets they will make a juicy morsel for someone else to pick up, who has what it takes these days - cash in the bank, not gold in the ground.