Coeur d'Alene Mines: Bullish on Silver and Its Liquidity Is Fine

Despite an improving silver market, shares of Idaho-based producer Coeur d'Alene Mines Corp. (CDE) have been under pressure for months. The market has worried about the company's liquidity, but chief financial officer Mitchell Krebs said those concerns should start to fade.

"With last Friday's results, I think investor concerns are easing," he said in an interview.

The results showed that Coeur has $100-million in the bank. At the same time, its low-cost Palmarejo mine in Mexico will be producing silver and gold within days.

The company has also fought a battle over environmental concerns at its Kensington project in Alaska that has gone all the way to the Supreme Court. A ruling is expected very soon, and if it goes in Coeur's favour, Krebs said Kensington could be up and running next year. That would remove another drag on the stock.

He is also very bullish on silver, noting that it is trading fairly cheaply compared to gold on a historical basis.

Comments

[Rich in Bpt.:]

Ritirement is coming for top management in the next few years, including some who will take early retirement and enjoy the good life. The economic macro picture is for stagflation in the future, before we have a robust economy. Therefore, the precious metals will see new highs and this company is gearing up production, big time. They, management, are looking for those options to pay handsomely. I plan to be along for the ride.

Mar 04 03:30 PM

[Chancer:]

Biggest problems with CDE are:dilution, dilution, and dilution!

Mar 04 04:01 PM

[wisurvey:]

dilution is the solution to pollution


On Mar 04 04:01 PM Chancer wrote:

> Biggest problems with CDE are:dilution, dilution, and dilution!

Mar 04 04:46 PM

[Turnipseed:]

The major problem with CDE is the management. Do some research before investing.

Mar 04 07:13 PM

[User 375449:]

certain suits at the company seem to like getting certain amounts of of company stock at next to nothing undiclosed prices. Almost million shares were given to these guys.
What does the common shareholder get for his trouble? Nothing but alot shagging miserection. If you what i mean: oh excuse i meant misdirection. If these dont watch it they will have nothing but another Harkin Energy blunder.
Oh by the way what about the Pres of bolivia wanting to Nationalize all mineral assets in the country.Isnt he still doing the Chavez ChaCha?

Mar 12 05:59 PM

[User 375449:]

Can some one tell me if a cde reverse stock split is a good idea?
Please read the proxy below:

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

Dear Shareholder:

Notice is hereby given that our Annual Meeting of Shareholders will be held at The Coeur d’Alene Resort and Conference Center, Second Street and Front Avenue, Coeur d’Alene, Idaho, on Tuesday, May 12, 2009, at 9:30 A.M., local time, for the following purposes:

1. Elect a Board of Directors consisting of nine persons to serve for the ensuing year or until their respective successors are duly elected and qualified;

2. Authorize an amendment to our Articles of Incorporation to reduce the par value of our common stock from $1.00 per share to $0.01 per share;

3. Authorize the Board of Directors to effect a reverse stock split of our common stock at a stock split ratio of 1-for-10;

4. Subject to the approval of Proposal No. 3, authorize an amendment to our Articles of Incorporation to effect a proportional decrease in our total number of authorized common shares from 750,000,000 shares to 75,000,000 shares, and an immediate increase in the number of our post-split authorized common shares from 75,000,000 shares to 150,000,000 shares;

5. Ratify the appointment of KPMG as our independent accountants; and

6. Transact such other business as properly may come before the meeting.

Nominees for directors to be elected at the Annual Meeting are set forth in the enclosed Proxy Statement.

Only shareholders of record at the close of business on March 19, 2009, the record date fixed by the Board of Directors, are entitled to notice of, and to vote at, the Annual Meeting.


YOUR VOTE IS IMPORTANT

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 12, 2009. OUR PROXY STATEMENT IS ATTACHED. FINANCIAL AND OTHER INFORMATION CONCERNING COEUR IS CONTAINED IN OUR 2008 ANNUAL REPORT TO SHAREHOLDERS. YOU MAY ACCESS THIS PROXY STATEMENT AND OUR 2008 ANNUAL REPORT TO SHAREHOLDERS AT HTTP://BNYMELLON.MOBUL...



Whether or not you plan to attend the Annual Meeting of Shareholders, we urge you to vote and submit your proxy in order to ensure the presence of a quorum.

Registered holders may vote:

1. By Internet: go to www.proxyvoting.com/cde;

2. By toll-free telephone: call 1-866-540-5760; or

3. By mail (if you received a paper copy of the proxy materials by mail): mark, sign, date and promptly mail the enclosed proxy card in the postage-paid envelope.

Beneficial Shareholders. If your shares are held in the name of a broker, bank or other holder of record, follow the voting instructions you receive from the holder of record to vote your shares.

By order of the Board of Directors,

DENNIS E. WHEELER
Chairman of the Board, President and
Chief Executive Officer

Coeur d’Alene, Idaho
April 1, 2009

Mar 17 06:37 PM

[Northstar10000:]

The deadly reverse split is now on. sorry folks it is way too early to buy this beast. After the split and a second deflationary wave comes the stock at a 10 to 1 reverse will fall to about 3.00. Buy it then.
North

Mar 21 11:41 AM

[PeteK:]

North,
That won't happen.
Before the reverse-split, CDE will move up lots more.
Just watch. I bet you are buying more shares right now.

Mar 23 03:02 AM

[Northstar10000:]

peteK
Sorry I am not buying CDE now. Going up before the reverse is not the issue. It's what happens after the split. At 1 for 10 it will get you about to 10.00. Let's not argue about where it will be before the split.
I will give you even more upside if you like. It is what happens after the split. It will drop to 3.00. they have hedged much of their gold forward for 2009. You will not get any benefit from rising prices with the hedges on.
North

Apr 05 12:31 AM