From US$3.76 in December 2005 Coeur went on to hit US$7.37 in April 2006.
In my opinion Coeur has broken out of its downtrend and is the early stages of another sharp uptrend.
Wouldn't it be a laugh if Coeur repeats that sort of price action, which it may well do. You see, many of the the sellers/downrampers of the BSG/Coeur merger imo have been emotional and not looks at facts.
Facts such as Coeur IS ALLOWED to proceed with their silver mine development and mining in Bolivia.
The market is starting to understand that Morales is not the demon some wished to portray him as, but someone who is doing a fine balancing act in Bolivia:
Genuinely encouraging resource developments while at the same time making sure to look after the Bolivian people.
Nothing wrong with that.
BSG Price at posting:
0.0¢ Sentiment: None Disclosure: Held