Cayden Resources Inc CDKNF

Drill Results Soon?

[starks]

When is cayden gonna release some drill results from its La Magnetita East target?

They put out he PR on September 25th 2012 to annouce commencement of drilling.

its been roughly 5 months now, we should hear something soon. right?

[Itcanbe]

I have been wondering the same thing. Hopefully today's selloff on larger then usual volume is not an indicator of the forthcoming results.

[macman20]

I emailed the company , basically when they started drilling in Sep they had a setback of 6 weeks, they encountered some mineralization but not a discovery, they are on the seventh hole, and 15 million in the treasury and gonna drill 20,000 meters between Morelos and Barqueno over the next 12-18 months, in other words they came up with nada= dead money, I'm out, another bad recommendation from

[macman20]

This will trade in the .70's

[Itcanbe]

Doubt .70's but if so then for me it'd be a time to load up as imho they will eventually hit and hit big.

[starks]

i agree 0.70's seems unlikely....i think it will float around .95-1.00 until we get the drill results. management has been recently aquiring more shares on the open market at 1.35 & 1.15. as well as last August most insiders were loading up on shares at 1.00. in the last 12 months their were 55 insider buys and 0 sells. check the filings    management has alot of their own money

[macman20]

Long term this might do well, but drill results are gonna take a while.

[molikai]

So if you're out . No point in hanging around unless you're a just bashing to support your short position.