Dennis Wheeler is pulling all the loose strings together and CDE is overdue for re-rating. This should happen in the US either before or soon after Palmarejo starts producing (end March 2009)
My comment:
How sad for BSG investors in this stock if they are waiting for a rerating of Coeur after what they owned starts producing. Where's the Coeur rerating based upon its non BSG assets?
How pleased I am to have bailed out completely some time after the takeover by Coeur, spun as a merger so there was no proper takeover premium, was announced.
CXC Price at posting:
$9.80 Sentiment: None Disclosure: Not Held
