CMR 0.00% 15.0¢ compass resources limited

cyclone damage, page-4

  1. 800 Posts.
    Thanks guys for the info.

    Olympian, I know that you know this stock inside out and would be as frustrated and disappointed as anyone with the way events have unfolded.

    I started in at $5 odd and averaged down to about $4.30 during the relentless descent. I see no point in selling out now as surely the price now must represent value as long as the resources are actually in place.

    The long delays with assays are a concern as confidence in management has eroded with incompetence and integrity issues.

    Oly, can you explain what you know about the probabilities of these reports being positive or negative. Huntley states that he has no doubt that the resources are in the ground but without the knowledge of a geologist can we be confident that if they can manage to extract these minerals without too many more stuffups, cost blowouts or delays that the operation can be profitable.

    I know that prior to recent events you did have confidence in management and it would seem that up until a year ago they certainly gave the impression of confidence.

 
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