hunan happy they didnt hedge, page-13

Good post, asking all the questions that need to be answered before CMR value can be seen through the current smoke.

I have not come back skiting about previous calls by any party, that doesn't really interest me. The extreme high cost of sulfuric acid is now only a very small part of the problem, especially if acid consumption is as low as some call it. I have been posting solely on likely operating parameters and strategic risks looking forward. Those risks have morphed over the last 3 months and now are clearly focussed on, and not in any particular order:

plant operating performance (still no news on Co-Ni production).

the price metals looking forward, especially cobalt.

operating margin and cash flows.

con-note conversion and dilution in face of almost impossible equity raising market conditions.

Complete shift of power to HNC in any future outcomes.

I don't own and so see this thing from a different prospective. I don't want anything to get personal, just happy to do my thinking, make my call and debate the facts to everyones benefit. I wish more on HC would debate the facts across all stocks so that we in this club can stay one step ahead of Mr market and perhaps not lose so much money. I have lost my sense of humour towards the market and HC because I am in survival mode continually looking for a fatal flaw in my own stocks and opportunities in others. Frankly this market is not for casual optomism and value investors looking at how much a share has already dropped.

I sincerely believe that earlier or now has not been the time to double or treble up but I could be wrong. No doubt if CMR does turn, it will make it to the top of the most active threads again with holders here letting me know...lol. Hopefully we are all batting for the same side next we meet.

cheers and goodluck