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Claude Res Inc CLGRF

Metals & Mining Gold
"Claude Resources Inc is engaged in the acquisition, exploration, and development of gold and other precious metal properties. Its projects include Seabee Property and various exploration properties located at Laonil Lake. It also owns Amisk Gold Property."


GREY:CLGRF - Post by User

Claude Res Inc > The sale of Madsen
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Comment by Lookin_2_Scoreon Nov 13, 2013 7:10pm
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Post# 21903765

RE:The sale of Madsen

RE:The sale of MadsenThe magic words I was looking for taken from the Outlook section of the 3Q Financial Report -  "In light of current market conditions and gold price volatility, the Company is in the process of divesting its Madsen Gold Project in Red Lake, Ontario . The Company expects to complete the transaction by the end of 2013 or early 2014. The divestiture of the asset will strengthen the Company's Balance Sheet and reduce the risk in its capital expenditure requirements for the upcoming 2014 winter re-supply program."

IMO, time to start accumulating shares ahead of the institutional investors.

"

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