The pop is not near the one day loss yesterday. Still it is a decent bounce on just oil supply announcement. The most important thing about this bounce is that it is supported by big volume too. Over 40 million shares have traded so far. The day is not over yet. Yesterday the stock in UK had over 90 million in volume. I have never seen 10 % turnover of shares of CEE in one day. So far today another 5 % plus have turned over. Some of the yesterday sellers would have been todays buyers. The sellers of yesterday who are buying back would have sold at a lower price as the stock gapped down & would have to buy back at a higher price as the stock gapped up today. Same thing will happen at TMX.
The next bounce will take place when Gold shipment takes place & operations start. A few days of shut down should not have a material impact on production. A realistic target after shipment & operations can be $1.00. For the stock to recover the major issue of lease has to be resolved