I see some disappointment in posts -- on a tired CAA board. I looked back at the CAA / CNX question posted and forward thoughts on both. Makes me think -- you never marry the trade, you just date for a while.
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RE: CAA or CNX
joecity9. I own both at a ratio of 1 share Callinex for every 4.5 shares of Callinan.Recently, the growth of Callinan’s royalty earnings has increased substantially and while the court continues to see the merit in the company’s claims. This (in m...
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Mineshack 2
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8/20/2011 10:22:59 PM
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CAA or CNX
Here is a good question, I thnk.If you only have so much money which one would you choose?CAA or CNX?CAA has really good prospects of continued good fortune with HudBay, and the court case to boot, plus !??! who knows what plumb revenue streams th...
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Mineshack I have had CAA shares for years and have done very well (.Toriddog) as has Bobcat, Isaya, Manxcan and a few others.
To the CAA - CNX question and a view on mining sector. CAA is a far better investment than the speculative CNX with at least 70% upside in 12 months and possible lawsuit winfall. In exploration plays like CNX you want more than 70% so it must be measured against other speculative plays. So many exceed CNX it becomes a no brainer.
Personally, I did sell off 1/3 CAA above $3.00 in 2011 and since Jan 2012 1/3 of the remainder commencing above $3.00 down to $2.67 last trade. I hold CAA and CNX. I now consider CAA as possible reinvestment verses placing capital elsewhere this summer.
I see exlporation speculation as a mix of ingredients in line to bring results. Start with (1) “the mine flavor of the day (witness all to:--Uranium, ‘Rare Earth’ , Gold-Silver, Graphite)”, next (2) look for working capital -burn rate. Then (3) determine is the company management full of energy, can they promote-finance, (4) where am I starting from – a new mine target, new IPO or new emerging player or an old tired play (5) in too late after a huge market run? Decisions and patience to find some jewells required on juniors.
Plenty to speculate on -- research verses rumors.
Conclusion – if CAA dips below $2.00 I buy some – this is a good hold despite greed on management salaries and the 6 year head shaker lawsuit-- may settle!!
Not slamming CNX, it could get lucky and should considering expenditures. Mike M has in recent years has spent millions more than other management in search of the mother-lode. It seems CNX is on a gold play AFTER the Gold Rush, the FOX is in the Den and COLES CREEK will never become a RIVER, as it will be circled by West Coast First Nations.
Better to risk capital on other plays and other flavors. Wish you all well and good trading, Manxcan