I think people might want to actually see some trucks of ore leave the plant first based on their history.
PS I had a crack at Reggie Baba a few weeks ago (saying that CMR will disappoint the market with more bad news at least once more before they actually ship out any product from the new plant). Well obviously the market does not agree with me, so I will lose sleep, but my source still tells me that they are still behind schedule and not a hope in hell of getting product out until late July at least. Much work at frantic pace, but still behind.
Happy to admit I was wrong on the price, market is a lot more forgiving than I, but still believe there will be at least one more lot of bad news before the trucks role, resulting in a last chance price dip and buy opportunity.
Cheers
MF
CMR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held