GREY:CPYCF - Post by User
Post by
mokitaon Jan 25, 2013 11:05pm
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Post# 20893321
Peabody market cap 6.3B and losing money
Peabody market cap 6.3B and losing money 2guys, check out your FACTS. Peabody has a $6.3 billion market cap and is losing money big time which is bad news for investors--prognosis is coal exports will continue to tank and Peabody stock will continue to drop. Read research on the vulnerability of Jr miners like CEC that are most at risk in todays bearish market.
Given the 10% production increase each year, CEC has demonstrated it has big holes in its deep pockets and the missing costs in Feasibility study--compensation to First Nations expected to be in milllions, security bond for contamination that is a given, as with Quinsam that is contaminating Long Lake and now Quinsam Lake and was ordered to pay a $7 million security bond, taxes, and increases in diesel fuel costs etc., CEC finances don't look good especially when you add the 10% a year increase in production costs operating mines are claiming. .