RE:This one will make many ritch! Cordoba Minerals Corp. (CDB, TSX-V)
Cordoba Minerals (CDB, TSX-V) is looking more interesting after Friday’s news that it has entered into a partnership with High Power Exploration Inc. (HPX) a private exploration company controlled by Robert Friedland…HPX has agreed to make a strategic investment in Cordoba and will have the option to enter into a joint venture with CDB to earn up to a 65% interest in the San Matias Cu-Au Project in Columbia by financing the project and completing a feasibility study…
This 2-year weekly chart shows how extreme oversold conditions emerged in CDB during the last quarter of 2014 and into the early part of this year…a gradual recovery picked up momentum with Friday’s news and now the stock is trying to overcome resistance around 20 cents at a downtrend line going back to the middle of last year…
CDB is up 4 cents at 22 cents as of 8:30 am Pacific…
