Post by
Shylock on Oct 28, 2014 1:40pm
What to Do Now
Well, management cleaned up on the gold and we got the shaft. It's all over but the crying. Goldcorp did not materialize, at least before the consummation.
What to do now. Since Bebek and his ethics-challenged cronies ripped the potential out of Cayden, there is no point in selling it now or just before the transition to AEM unless for reasons unknown it should see an unexpected upward price run. AEM at least has the ability to move two or three bucks in a single day and when the wind returns to the back of the gold sector, AEM will move up accordingly.
I personally am going to let the transition eventuate and await a rise in AEM, then consider selling, only to place the proceeds in a junior explorer with more leverage. it's all about leverage.
At least Ivan the Terrible did not sacrifice us to Barrick! He would have if it meant more than 14M to him personally. What incredible ethics, er, I mean lack thereof.
Comment by
goldpolka on Oct 29, 2014 10:35am
I assume this was just up until the vote, which has approved the deal, unless I am missing something. Holding CYD now same as holding AEM, but with some minor risk in Mexican approval process. (very likely very minor)