CMR 0.00% 15.0¢ compass resources limited

negative posts, page-6

  1. 2,463 Posts.
    The numbers (albeit I am not a numbers man) I have done suggest to me that if the company puts some effort in to reduce costs - any why else would they do those numbers at this point in time if not with view to identifying the need and giving some insight into how and where they can reduce them - if not for that reason the reason is more what I have alluded to previously.

    Personally I expect some weakness to continue to post september china restart and maybe even a tad longer - I have no doubt chinese are smart and are probably squirreling smaller amounts of metals away during the slump to try to keep prices down a tad longer after resumption - but at some point in next few months metals prices will in my opinion return closer to more reasonable levels. If china does slow down a bit then ok we may not get the continued new highs for a while but that doesnt mean they will be giving the metals away. Moreover with a number of companies shutting nickelplants due to increased opex this must lead to reduced supply and contribute to helping sustain nickel prices.

    One has to look at why JP is adding to his holdings - he has more insight into the operation than us. My only concern is that profits may be eaten up by debt repayments and I dont want to see that done via dilution to cornell. Would rather other oprions to raise repayment than that
    Bring on sucessful production - show even modest profit - price rises -
 
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Currently unlisted public company.

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