OTCPK:CPPMF - Post by User
Comment by
ERTguyon Nov 22, 2017 1:16am
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Post# 27009017
RE:Shot itself in the foot
RE:Shot itself in the footUmmm isn't this the same thing that happens with every acquisition that is done on the stock market? hurt for months? I'll give it 2 weeks of depressed trading tops. Remember when silver standard acquired Claude Resources last year? Or when kirkland lake acquired newmont. The list goes on and on. Basically you're talking dilution to current shareholders and expecting the market to punish the stock for month after month as a result. No offense but that expectation is a little unrealistic and given the recent positive Q it seems this board is a whip saw of emotions that reacts to whichever direction the stock price is heading short term. You see dilution, but i see a stock with positive momentum that is in a short term down cycle while copper is ready to leg up. the bottom will be 1.45 where the lower bollinger band line lies as well as the 50 day moving average. It'll bounce off that like a trampoline. Cheers