CMR 0.00% 15.0¢ compass resources limited

more delays and higher costs coming, page-43

  1. 824 Posts.
    well it was a good day today! It has rallied in the past only to go further south. It will be interesting to see if it is sustainable. Much will ride on sentiment flowing from the overnight dow.

    Its funny though, todays announcement wasnt actually good news. It was further delays and cost overruns. And we found out that they still havent got the power on! I am also very wary of managements statements that they are reviewing costs, but expect them to be in the existing ball park. They have said that before and the blow outs have been massive. But one thing is clear, the more often you say it, the closer you are to the day that you are right! Here's hoping.

    The other thing you have to watch are those that jump on anything the moves quickly. They can dry up pretty quick.

    But it was the best day in months!
 
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