Along for the ride
Not to bore anyone with my own analysis and trading/investing but I thought I would share a similar historical play comparing where I believe CHD to be at.
I accumulated 88k shares of T.WDA Feb 2004 - Sept 2005 at an average price of .36. Weda Bay is an international nickle play which was drilling out a huge resource throughout this period and I admittedly became frustrated with the lack of instant results. I sold all 88k over a 1 week period in Sept for an average of .70 (not too shabby all in all) but missed the big move up to 1.16 on Sept 30th. Oh well 100% in 18 months is OK! (CHART LINK)
The point is that WDA is just now preparing to go into a difinitive feasability study and the big move was triggered by the PP (announcement posted below).
CHD also has several large institutional investors on board and RAB SPECIAL SITUATIONS (MASTER) FUND LIMITED (cayman) controling 18.95% CHD... is not dissimilar at all to the WDA investor MLP Investments (Caymans) noted in NR below who controls 27.3% WDA.
WE ARE IN THE LULL JUST PRIOR TO A DIFINITIVE FEASABILITY STUDY JUST AS WDA WAS. IN FACT THE ENTIRE HISTORY OF WDA SERVES AS A FINE EXAMPLE OF THE PROGRESSION TO THE ULTIMATE LIFT IN SHARE PRICE. Those of you who think the "free hand" of "benevolent capitalism" guides the market at the micro level, are naive naive naive and maybe should look around for a different hobby.
WE CAN ONLY HOPE TO GO ALONG FOR THE RIDE WHICH WILL HAPPEN SOON.
https://smallcapcenter.com/snapshot_chart.asp?ticker=T.WDA&coname=WEDA+BAY+MINERALS+INC+%28TSX+%3A+T%2EWDA%29&row=1
Millennium Partners, L.P. Announces Private Placement
9/9/05
NEW YORK, Sep 9, 2005 (CCNMatthews via COMTEX) --
Pursuant to the "early warning" requirements of applicable Canadian securities laws, Millennium Partners, L.P. announced that one of its subsidiaries, MLP Investments (Caymans), Ltd., acquired 10,500,000 units of Weda Bay Minerals Inc. (the "Company") in a private placement that closed earlier today. Each unit consists of one common share of the Company and half of a warrant to purchase a common share of the Company at an exercise price of C$1.25 per common share (which warrant will expire 24 months after issuance).
When aggregated with previously owned shares (which are owned by Millennium Partners, L.P.), the Millennium entities own an aggregate of 10,617,000 common shares of the Company and warrants expiring on or about September 9, 2007 to acquire an additional 5,250,000 common shares at an exercise price of C$1.25 per share. Treating the shares underlying such warrants as common shares held by Millennium, Millennium's equity position constitutes approximately 27.3% of the issued and outstanding common shares (including such warrants) of the Company.
The shares were acquired for investment purposes only and not with the purpose of influencing the control or direction of the Company. Millennium may, subject to market conditions, make additional investments in or dispositions of shares or other securities of the Company in the future.
The general partner of Millennium Partners, L.P. is Millennium Management, L.L.C., and as a result Millennium Management, L.L.C. may be seen under applicable Canadian securities laws to be a joint actor with Millennium and/or to have control over the shares of the Company owned by Millennium. In addition, Millennium Partners, L.P. and MLP Investments (Caymans), Ltd. may be seen under applicable Canadian securities laws to be joint actors with each other. This release should not be seen as an admission of any such matters. Millennium Partners, L.P. is the sole shareholder of MLP Investments (Caymans), Ltd. and as a shareholder does not control the securities held by MLP Investments (Caymans), Ltd.