Post by
archimedes0070 on Dec 16, 2010 12:34pm
Quiet?
M139,
Please explain what you mean by "quiet"? Do you mean: 1) low trading volumes?; 2) quiet boards?
CJO trades predominantly on the ASX (AU:CJO) and traded > 3m shares a few days ago after the short halt.
Also, a name change, or any other regulatory matter, takes time because of the regulatory process (paperwork); it is what it is, and does not have any relevance to the company. Nevertheless, it would be prudent to pick a name and stick with it (unless you are an "artist formerly known as..."). Then again, they were wise to name it "Cerro", as it is named after their Cerro del Gallo gold-silver-copper deposit which they are bringing to production. Hopefully, they will stick with the name "Cerro".
Cerro has (M&I&I Resources of) ~4.5moz Au, ~1.09blb Cu, ~163moz Ag.
MC ~72m.
Cheap, not to mention any further expansion of the above resources, or increases in commodity prices.
All around, CJO has a bright future. They have some new management, a completely reorganized company, and they just announced a private placement in Australia, which will bring some new investors, and likely some new institutional interest (which explains the large volume recently).
The next step is the feasibility study.
They indicated a ~USD415/oz production cost "base case".
Again, don't forget to look at the AU:CJO quote as well.
Comment by
M139 on Dec 22, 2010 2:58pm
I think what I was referring to back then was the board in particular, then again when it was San Anton we went through months of napping so I guess no change really. Would be nice if we actually got the name change done though I never saw a simple name change take this long before. In the meantime no body can trade on the Canadian market... well I suppose you can buy more...M