GREY:COLUF - Post by User
Comment by
bob4977on Sep 20, 2012 10:19am
210 Views
Post# 20390312
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Ku
RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Ku Vestor, if you are truly long then look at the deal and try to see why the market likes it so much. I can tell you from investing in streaming companies that they make most of their deals when the market is depressed like it is now. If CSI was trading at $8 a private placement would create only half the dilution as when it was trading at $4. That is why they went the streaming route and the market liked it. If the gold market stays strong and CSI starts the mine on budget, I would expect them to buy back 50% of the streaming agreement.
Bob