RE: Peter Breiger is on BNN...The caller who asked the question phrased it very stupidly. He said CEE has been "spinning it's wheels" and that he is getting frustrated with it.
So many junior gold investors seem to have ADD. CEE has only been correcting for a week or two. For my investment horizon this is trivial. And it has roughly corresponded to the pull-back in gold. Look at the long-term chart of CEE. It's a thing of beauty. The last week or two is a blip.
One of the purposes of the market, imo, is to transfer money from impatient investors to patient ones. Anyone with a long-term view should be taking pull-backs as an opportunity to add to their positions in CEE.
Btw, this is what Peter Brieger said,
"...allegedly the founders of the company, or the management of the company, bought a map of a gold mine in Egypt that went back to biblical times. People thought they were crazy but, it turns out, it's a deposit. It could well come to fruition. Cormark has been very active in recomending it. I had a very hard look at it and came very close to buying it. I havn't but it's still on the radar screen. Call me later on and I'll give you some more information. But it could be a very interesting play."
Sorry to be uncharitable but Brieger seemed slightly confused to me. To me his comment is a throw away. My impression was that both Michael Smedley and Veronica Hirsch had a much better handle on the company. But I'm biased. I've held CEE for a very long time and I think it's one of the really good ones.