RE:Nov. 20/2008 a bad day for cs share price?Waxguy,
There is no comparison between today and 2008, the markets were irrational in 2008 when this hit 68 or 69 cents. CS had 71 cents per share in cash and working capital back in 08, along with a cash cost of 1.29 per pound sold, and zero debt, along with 80 million in copper sold forward at 3.15 per pound. Today they have over a dollar per share in liabilities after cash on hand, and a nearly $3 per pound all in sustaining cash cost per pound,
For those thinking the talk of bankruptcy is a sign of the bottom, go ahead and give your head a real, super hard shake. In the last decade I have mentioned bankruptcy for 10 or so miners, I have been 100% right, go ahead and check my posts...oh you cant because all those companies no longer exist and stockhouse had deleted the boards.
I wish nothing but good luck to those holding shares here but the writing was on the wall several years ago for most junior miners, the time to get out early 2011, the time to be buying has yet to present itself.