RE: What's the storySafest thing to do is wait for the Annual Meeting on June 13, 2011. Lots of questions should be answered by then. Or, take a gamble at these levels, because if things pan out the way they are suppose to at the meeting, it should be the start of a steady rise to over .10 (or the equivalent if the share consolidation goes through). Also don't see .025 - .03 lasting much longer. Mineralfields is almost done dumping the last of their shares, and CDO will want to jam the stock up to at least .05 prior to the June 13 vote for a more decent post consolidatio price if the roll back goes through. If you are just entering now, that large ask at .03 is a gift, and you will be entering lower than any of us here I suspect.
The major things to consider right now: the proposed 5 for 1 share consolidation; the take-over by rumored new investors with deep pockets and market experience; a possible change in management with a new president who is a good and reputable geologist.
Below are a few posts of mine ruminating on CDO …
Disclosure – I have lots of shares with an average at about .04.
Post #29699238
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MCI is controlled by the Naughty brothers - the Naughty brothers are rumoured to be behind the group that has been accumulating CDO - MCI is into Lithium - CDO has purchased lithium and rare earth properties from one Blaire Naughty - MCI is skyrocketing - what do you think CDO will do once these new investors are fully positioned and in control of CDO ..... up and up and away! Patience is said to be the number one attribute for making money in the markets .... my strategy is to watch and follow the massive accumulation of CDO and pick up shares as they do - anything under .05 is a bargain. Mineralfields is gifting anyone smart enough to know this and buy right now. Follow the smart money ... that is what it comes down to. MCI ... Naughty brothers ... lithium and rare earths ... CDO ... accumulation ... the rest is just noise - filter it out and be patient. Before you know it CDO's chart will equal MCIs.
See my post #29618617:
Here is some info I've dug for CDO shareholders on what is probably one of their most promising properties. V.GWQ is currently firming up a resource estimate for its exploration program for the Spout Lake skarns, directly to the south of CDO’s Murphy Lake property.
Here is a link to a presentation from GWQ: https://www.gwrresources.com/i/pdf/GWR-KEG-Apr-5-2011-april-13.pdf
Look at the section on the Spout Lake skarns. Historical, non-NI43-101-compliant resource estimates conducted in 1993 included only a portion of the North Skarn Zone, indicating 595,000 tonnes grading 1.78% Cu, 0.12gpt Au and 51% Magnetite over a strike of 300m, locally to depths of 250m. In the latest summary from GWQ (see their April 14, 2011 news release at: https://www.gwrresources.com/s/Home.asp)
the company states that their in-house calculations suggest the figure may be 40 times greater than the historical figure, and drilling remains open. That is 40 times 600,000 tonnes! Even a fraction of that multiple is a staggering amount! GWQ is currently commissioning an initial NI43-101 compliant copper-magnetite-gold-silver resource estimate for the Spout Lake Skarns, by SRK Consulting.
That brings us to Murphy Lake - here is an 2005 report commissioned by CDO on Murphy Lake:
https://aris.empr.gov.bc.ca/ArisReports/27712A.PDF
It recommends further exploration and is quite technical, but what struck me was the data from a 1988 airborne magnetic and low frequency electromagnetic surveys over the Murphy Lake property. At page 39 you will see a map of the survey. At p.40, the following is reported:
"Areas of Interest:
Area I: This region, centered on the Heather 3 claim (area currently covered by the Copper 4 and 19 claims) (Figures 5 and 13). Is located to the immediate northwest ofthe WC deposit by Spout Lake. The WC deposit consists of approximately 500,000 tons (454,545 tonnes) of copper ore which contains up to 40% magnetite. The deposit's magnetic signature is that of a long thin magnetic high. ... this high can be seen extending to the northwest onto the Heather 3 claim, which leads to theconclusion that the magnetite and its associated breccia extend onto the Heather 3 (Copper 4 and 19) claim. This is a prime exploration target."
So, the conclusion: there is a good possibility the skarn discovery, which GWQ estimates could be 40 times greater than the earlier estimate of almost 600,000 tones grading grading 1.78% Cu, 0.12gpt Au and 51% Magnetite, extends onto CDO’s Murphy Lake property. This is the property I heard the new investors are strongly interested in. I also heard rumbling of GWQ’s interest in the property.
Folks, things are falling into place, CDO is cleaning things up internally, the new investors are quietly accumulating and taking over the company, and new management is coming in. This is setting up to be one good investment, especially if you get in at these prices.
All just my opinion, but with new management, new investors, and GWQ’s firming up a significant discovery and a mine that extends onto CDO’s 100% owned Murphy Lake property, you do the math.
Add I added to this with post #29618682
I should also add that GWQ has developed a very sophisticated understanding of the use of magnetic surveying, and how it correlates to the skarn mineralization in the area. This helps immensely in the identification of drill targets. I believe we will hear news in the near future of GWQ bringing that knowledge to CDO in some form or another. Look how GWQ is doing comparatively - same share structure, and trading in the mid .30's, and hit the .50's not long ago.
Conclusion:
This latter bit of news should come out soon – there will be a connection to GWQ of some sort, or at least to their growing expertise in the geology in the area. GWQ is becoming an interesting, albeit relatively still unknown story. We have heard a lot on this bulletin board about the damage of Mineralfields, which I don’t deny. But it is interesting to note that MF is also in GWQ, and they have not followed their robotic dumping of financing shares formula with that company. The trading pattern of V.GWQ is definitely strong, comparative to other juniors.
It seems that V.GWQ is firming up a significant copper / gold discovery, which, by all indications, runs directly onto Murphy Lake. Add to that the geology to the north of Murphy Lake with V.FEX and their joint venture with Goldfields, and it seems Murphy Lake could have huge potential. Now with new investors with deep pockets and the ability to finance, and also the ability to move the share price of companies they get involved in, this will shape up nicely – share consolidation or not. And we have not even begun to talk about their lithium / REE properties! …..