GREY:CCNMF - Post by User
Comment by
CommiePinkoon Jul 19, 2012 7:57pm
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Post# 20133348
RE: Volume
RE: Volume Volume? What volume?
Hard for me to take this move seriously and add to my holdings when it's trading this type of volume. Up today 5% on volume of 34,000 c'mon. And a whopping 75,000 traded in the last two days. I doubt there is anything going on here than it seems like the selling pressure has dried up a little.
And I would not hold my breath waiting for FN or HBM to take this company over. Probably to small for FN to have any interest. And I doubt taking over CAA is a high priority for HBM especially when they are looking for money to get Lalor Lake going. In fact the rumour I am hearing is that they are even considering giving up a royalty from production from 777 to finance Lalor.
About the only reason I can find to hold CAA is this little bit of a dividend we get. And there are a lot of places you can find a 3% dividend these days.
All makes for a long hot summer if you ask me.