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Bullboard - Stock Discussion Forum Claude Res Inc CLGRF

"Claude Resources Inc is engaged in the acquisition, exploration, and development of gold and other precious metal properties. Its projects include Seabee Property and various exploration properties located at Laonil Lake. It also owns Amisk Gold Property."

GREY:CLGRF - Post Discussion

Claude Res Inc > Looks like it is ready to bounce off today's bottom
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Post by 7Twiggy on Mar 07, 2016 10:57am

Looks like it is ready to bounce off today's bottom

What an over reaction to take over. PAA up 4% and silver holding up well and I think getting ready for next move. Added to my SSO at $8.07. IMO should see it move back up slowly as the day progresses. Should get a lot of coverage at PDAC. Also picked up Claude this morning and just in the process of adding. It dropped a little in line with the SSO drop in price. I see it also moving back up quickly this afternoon.
Comment by Aurum1983 on Mar 07, 2016 11:05am
SSO and CRJ going to move in locked step now. The way I see it if they want the deal to approve they'll have to somehow chase the sp up to at least $1.75. Until then it's a NO for all my 400K shares. PERIOD.
Comment by 7Twiggy on Mar 07, 2016 11:14am
Aurum1983, I have been following SSO for a number of years. Have done very well and I expect to do even better. The only reason SSO is down today is the take over. IMO opinion this short term drop is a great buying opportunity. I added SSO this morning. I also added Claude at the start and just now as I think we have hit the bottom for the day. I don't like the drop in SSO, however I think it ...more  
Comment by stockwrestler on Mar 07, 2016 7:47pm
Gold and Oil correlation? see blog: https://stockwrestler2.blogspot.ca/
Comment by Highwired7 on Mar 07, 2016 9:07pm
I agree, what a miserable close and a lousy backdrop for trading today, this is an insulting blow by SSO, the market and a management that is supposed to be reformed and concerned with share holder value. Now we are going to be tethered to SSO's stock price until May when we can hopefully vote this down, just when you thought it wasn't possible, Claude pulls another possum out of their hat ...more  
Comment by Live2ski on Mar 07, 2016 10:47pm
Aurum and wired, from reading some of the SSO posts, I don't think they know a thing about CRJ ... they are caught on the 70k oz. and that's it! There is so much more to CRJ and it's unfortunately being taken in a direction that's probably counter to either companys` philosophies. IMO
Comment by Monkeydonkey on Mar 08, 2016 9:18am
What is then? The 300000 ounce reserves? Production, costs, reserves are the most important issues. Exploration potential is also very important, but potential means not proven...
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