RE:RE:Good place to wait for copper prices to recover with5.5% DIV
I cannot claim to be a long term shareholder as you are. I did own shares at times and always made money with short to mid term trades/investment. You may be right about management, I don't really know, but I was in Capstone a while ago and they were sitting on 400M$ and people pushed them to make a move. They did and bought a low grade mine (pinto) when copper was at 3$ and they overpaid on top of it...With copper prices, CS plunged from 3ish to 65 cents or so...a shame. So I would not be against an acquisition but it's gotta be a good one. The market has punished everyone making a good purchase (ex.FR buying SVL), the market wants to see cash and a solid balance sheet. NSU may not climbed to your liking but they can claim to be one of the top base metal performers in Canada. Ask HBM, CS, TKO, CU_M, LUN, TCK, etc... Being paid a nice divi while waiting is not a bad thing. I also understand that the cash may be use to develop that other promising property they have... Anyway, long story short, be careful what you wish for!!! Happy Halloween! Muuuuaaahhhh!!