2.80 next stop load up the shorts, page-5

3 weeks ago when I returned from overseas I dropped in for a chat to catch up on status and sincerely felt all was more or less on the scheduled timeline + maybe a coupla weeks slippage.

What has happened meantime seems a shock not only to us but to management ..... and couldnt have happened at a worse time cf to market mood. Stopped us dead in our tracks from heading toward 440, 480 tech pivots and beyond IMO.

Dont know whats what atm but sure we will hear details in due course ..... maybe (?) sensitive atm (?) .... and I mean that from a poss legal point of view, IF in case there are any legal issues CMR might be looking at (PURE SPECULATION on my part).

Ive known these guys for years as Ive been a CMR shareholder for years and they have always been straight shooters. I'm just peed off re us NOT being in production ahead of the Bermuda Triangle the market is now heading into, meaning we are exposed to stormwaves like everyone else. U cant say I havent been screaming storm warnings for a long while and what could / should have been done pre-emptively for added safety.

Re overruns etc, sure agree, pain in the neck, but its the TIME loss Im more concerned about. Thats only the oxides starter project and certainly affects our cashflow but theres plenty of cash in the kitty. The drilling hasnt stopped so expect the Uranium and Sulphides resource definitions are progressing as part of their feasibility studies and THATS what we are all about anyway ...... to have enough cash / cashflow to ensure the grand plan is not affected / delayed cos thats what the Argonauts are in it for.

In fact for the serious investor, any oxides delays / market shocks meantime would be viewed as accidental opportunity to add IMO. Sure, short term pain all round and espesh if u have margin / debt pressures ... and I have been YELLING about watching yr excesses in a market which can swith to being merciless in an instant ..... but the super fund holders wont be too concerned.

Vulnerability to shark attack is my ongoing concern and moreso now IFFFF our hedge fund supporters have a coming need for cash. But who recently said, "welcome to the sharemarket" ? Its all ongoing reward / risk assessment and making sure u r positioned so a rogue wave doesnt sweep u overboard and out of the game.

I know words aint enough when we painfully sit at half what we probably could have been sitting if more attention was paid to my concerns, but its an ongoing learning game all round. Lets hope no extraneous shocks next to add to our short term woes. Complacency can be deadly so u gotta check yr portfolio strategies espesh in light of next 2 months' likely market uncertainties.

Party poopers damn ....... and I cut short my trip thinking I could sip champers with Mmme Fu cutting the ribbon ha. Meanwhile maybe gotta drift between the 330, 365, 382, 405, 420, 440 techno pivots until all becomes clearer. 330 is a very important support.

How to spend the next 6 months now damn ! I need a decent project to sink my teeth into, like nuclear waste technology development .... hey Kiwi haha.

May Zeus protect and guides us.

IMBOOC