Ann: Drilling Returns Wide Copper Intersections (Replacement), page-162

Not that I’m complaining as I sold CPO at .062 during the last leg up and reentered at about .039, recently but you have to stop and wonder how a CR can create so much damage, so quickly. From 11 January when it touched a trading high of 135 cents to what could have been the bottom low price of .038 on 23 jan , the SP shed more than 100% . That’s not brutal, that’s murder . Even the sophs at .048 may not have got out of the way quickly enough as the price got bludgeoned down below .040. I sort of put it down to the fact that even though the share registry is only about 80M , it’s not tightly held by top 20 , so it was a trader stock and a trader panic that triggered the avalanche .