COPPER MOUNTAIN ANNOUNCES 2017 YEAR END RESULTS, page-72

First 72 Last

Share
Profile

Follow
Sailor101

3,864 Posts.

23

04/03/18

18:56

Post #: 31514878
Share

Originally posted by dolcevita ↑

No misunderstanding, I would have been happier with a better offer too, but obviously there isn`t one. So if you put all the emotions and bad feelings aside, do you see a better outcome, another bidder or a realistic way for the company to collect all the cash to build the mine without a massive share count dillution or building such a high debt pile the company won´t be able to prosper. Interest for a company with no cashflow and no working mine will be what, 10%, 12%.

Listen I've held since 2011 so I'm practised at putting emotions and bad feelings aside. Called for calm on many occasions. Truly.

But I disagree with your reasoning.

We have $30mil on hand.

We can use that to mothball the project for a year.

Do you believe the CMMC story that Cu is going to go ballistic in one year due to demand mainly for electric cars and consumer demand in China?
(I do).

Then it's a waiting game for other opportunities to arise. If anyone needs to control their emotions it's the impatient.

Grab what you can because you're tired of waiting?

Just because you've waited before, doesn't mean that waiting this time won't work.

Reason: Cu price. The dynamics have altered totally, but the market hasn't caught on.

There is risk with waiting.

BUT it's a 100% guarantee that we aren't getting adequate compensation for our AOH shares under this deal.

AND there's a risk that CMMC will change tactics and not develop Roseby. As foreshadowed by other posters.

Expand

Hey Dolce / Raz - email me please - [email protected] - remember Beany ?

AOH Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

EQN

Equinox unveils some of "world's highest" antimony grades at Alturas, Canada

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Trump is President Again: What Does This Mean for Crypto?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NMR

NMR picks up advanced gold projects in far north Queensland

AKN

AuKing Mining flags gold in rock chips on-site Saudi Shaib Marqan project

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

ASX Market Open: Green Friday as markets digest Trump; China | 8 Nov 2024

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor