Not a down ramp but CXC would seem to be more than fully priced at $19.30.
CXC parent share CDE in US closed at US$15.19 last night and in A$ this equates to A$18.55
Longterm potential I believe is great but at this point IMHO it is overpriced.
Caution needs to be exercised in holding this one and Standard & Poor's Ratings Services on Monday 18th May 2009 placed Coeur d'Alene Mines Corp. on CreditWatch with positive implications, but warned that the mining company may require more funding for its capital spending plan.
Full article:
http://finance.yahoo.com/news/SampP-places-Coeur-dAlene-apf-15284189.html?.v=2
Reverse split will also allow issue of further shares if needed.
As stated long term this share has plenty of upside, just think we need to be careful.
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