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EnigmaDude (51.62)

Is it time to buy CDE?



May 11, 2009 – Comments (2) | RELATED TICKERS: CDE

From today's earnings report:

65% increase in silver production to all-time company record of 3.9 million ounces

Palmarejo silver and gold mine commenced production on-time and on-budget

San Bartolomé silver mine performed consistently during first quarter

Operating cash flow during quarter of $6.8 million

Quarterly net income of $6.1 million, or $0.01 per share

11% reduction in general and administrative expenses

Consolidated cash operating costs of $5.67 per silver ounce

Total debt reduced over $100 million year-to-date

 * Can anyone tell me why one should not load up on shares of CDE?

2 Comments – Post Your Own

#1) On May 11, 2009 at 12:24 PM, binve (< 20) wrote:

Enigma, CDE got pushed down to the point of ridiculously low valuations in Decemeber, and are only now approaching fairly valued. I am long CDE in my investment account. I am with you on this one.

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#2) On May 31, 2009 at 11:15 AM, ouraydo (< 20) wrote:

Most of the good minning stocks have broke past resistance (we have all been waiting for them to catch up) and are still extremely under valued.I don't think theres any doubt CDE is undered valued at it's current price.I think CDE is lagging behind but it will also breakout to the up side.I see CDE being a 5 bagger in the next 2 years,maybe a 10!

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