OTCQX:CNSNF - Post by User
Comment by
krishakon Jan 26, 2015 4:06pm
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Post# 23364907
RE:News Out
RE:News OutStrange market response - indeed! The stock price is now 30% lower than the price on 7.21.14 - the day before the NR that sent the stock to $0.25. Whats changed? Answer: the factor that propels stock prices higher - human emotions. The high grade results in the 7.22.14 NR were very easy for the market to assimilate and react to. In contrast the news today is most important for its implications going forward.
At the end of the day the reason for buying stocks is for the future revenue a company will generate. The news from last summers drilling, summarised in todays report, substantially increases the likelihood that Palmer will become a mine. In that case Constantine, as a 51% owner should one day be having earnings per share that equal and likely greatly exceed todays stock price. For earnings of only $0.10/share the PE of the stock would be one! . I am simply extrapolating events forward as I see them. Are my projections wrong somewhere?