I am pretty sure that if we continue to fall we will start to see a whack of new buyers we havn't seen before. At some point, this will become a very good deal or at least you'd think
I'm looking at 49.5 cents and shaking my head that we're at such low levels. Part of me wants to dip into the line of credit to gobble up cheap shares. This could be an easy 50 per cent gain. But how long might it take???
The other consideration that I haven't seen anyone mention yet (although some people must be thinking about it), is that the upcoming drill results might be mediocre or worse, low grade.
Yes, Elmer is a competent geologist and there's a good chance that the drill targets will turn up some impressive cores, but it is a chance. If it were a given, then Teck or some other major would have snatched CUU's ownership in Schaft for a premium (or at least a relative premium by today's standards in terrible commodities markets).
So I'm holding tight but can't run the risk of getting in any deeper, even though it looks like a true bargain. I already hear my "Maude" occasionally checking the investment account and asking what the hell is going on. I won't invite more pain to be inflicted at this point.
