GREY:COLUF - Post by User
Comment by
BebeRebozoon Apr 15, 2010 12:25pm
378 Views
Post# 16995506
RE: firebug
RE: firebugOk I'll bite Lobsterboy. What's "the other side of the story"? All you've given us is speculation that the president may not make it to Curianopolis alive to deliver the permit. So I'm supposed to sell in a panic the day before CSI gets an installation licence because of a conspiracy theory you've cooked up?
My personal opinion is that we are trading at a fair value right now based on CSI not having a permit in place. Once that permit is granted then the entire economics of this company changes. There are institutions right now that just do not have the risk envelope to invest in CSI, but that risk envelope changes upon grant of the licence. A whole new level of investor now enters the picture, and these investors have deep pockets. I just don't see CSI staying below double digits when that happens, especially now with the new land package in place.
So - this rally is long in the tooth? Long over due I'd say. And the wild card here is drill results. Who knows what Ari has in the trunk of his AMC pacer right now. Releasing anything like what we've seen in the past, in a hot market, and the sky could be the limit.
Bottom line - I just don't see any other company on the TSX with as much short term blue sky potential right now. I could sell, but where would I go to get a better return?