Re: It doesn't make sense
in response to
by
posted on
Nov 13, 2014 04:53PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
You are right - many stocks are in the toilet.
But they were not pumped with the voracity that this one was. I don't think they had the promise we had either. We were not considered as high risk I believe.
Why so much chat on this specific stock (both positive/negative)?
I think that is the point.
I wouldn't say this stock was pumped. It had a lot of investors and ppl saw the potential and size of SC. One thing led to another and ppl started to speculate on how far it can go. It's not pumping. It's just speculation when one person invested into a company. I'm sure we all think SC should be worth much more than 14.5 cents today.
That being said, a lot of positive posts of CUU were backed by facts and sources. Many of us tried to use metrics at other M&A deals to value SC.
Whereas the negatives, I occasionally see some posts with sources. Most of the time, they are just little jabs at it. With the SP at a low, it makes it easier to post something negative without giving too much evidence to it.