Claude Res Inc CLGRF

CRJ has been a penny stock for 6 months

[Lookin_2_Score]

Where did the $57M private placement monies go?

[Bottles]

"Where did the $57M private placement monies go?"   Seabee upgrades and expansion. Exploration.   In regards to your other post as to a news dry period, I think you are right. In my take, we will get earnings on 11/14 and then sometime later, news on Madsen. By late October/early November, there could be a Seabee update like shaft completion. The caveat is that  with

[pdcon1]

some of claudes cash of  millions must of gone to purchase Amisk they may have more shares but they also have more gold ounces in the ground they are at this price a prime candidate for a take over  and at 2 dollars a share were looking at possibly 400 million in total , so the buyer gets Amisk and Madsen for free as seabee pays the debt with a modest profit , what are they waiting for .

[boreps]

Extremly undervalued? 400 million? Based on what? They operating at 4% margin, barely making 2 mln. dollars, have very little cash left and 20 mln. debt. The Madsen looks more like the liability then asset and same goes to Amisk. Bad past history, nobody will ever finance these projects. Wake up to reality.

[Lookin_2_Score]

Rumor has it that Primero Mining has demonstrated some interest in Claude. Either a buyout or joint venture to jumpstart Amisk and Madsen would suit me fine.

[Bottles]

"Rumor has it that Primero Mining has demonstrated some interest in Claude."   Lookin,   Without doubt, CRJ's weakened state renders it a prime takeover candidate imo. Especially when Seabee upgrades and expansion efforts are just now going to take hold. But when has CRJ not been mentioned as a possible takeover candidate?   Your mention of Primero Mining is an

[Lookin_2_Score]

If private placement investors bought at $2.50, why is Claude unable to attract investors at $.78? Daily volume: anemic

[Lookin_2_Score]

To think, this CEO with 17 yrs at the helm and currently getting paid $10K per week to deliver a penny stock to shareholders.