GREY:CLGRF - Post by User
Comment by
Bottleson Apr 20, 2012 4:03pm
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Post# 19818321
RE: The Best We Can Hope for.....
RE: The Best We Can Hope for..... "So it looks like, in the short-term, the best we can hope for is a buyout offer - and soon!"
I do not think we can even hope for that. Given how brutal this down draft has been for the entire PM sector, I wouldn't be surprised if someone didn't make an all cash offer to buy every PM stock traded on the TSX!
I hate to say this, but it looks as though we just have to wait til the third quarter. That seems to be concensus as to when the gold and the PM sector starts to turn around. In the meantime, I'm going to earn as much cash that I can and raise as much cash that I can because CRJ included, the valuations across the board is a buying opportunity that most likely will not come our way again and for many years. Unless, of course, the world does infact end. If that's the case - who cares!