mc 4.7m, ev 4m, heavy ree+goldcopper.go figure, page-92

Rolls, this has been mentioned many times. CMYO is expiring 18Oct, the company is trying to get sp over the 20c mark & hold price above it to secure option conversion or secure a party who is willing to underwrite the options.

They have two weeks left to do it & I think they need to push sp closer to 30c to make sure sp can still hold above 20c when it retraces. That is the ideal outcome anyway, if it happens, CMY will have a few more million in the kitty which is enough to fund them through a couple of drilling phases, given that the toughest projects to drill are already farmed out & free carried. I think they will use the funds in near term towards Mayfield which seems to hold a lot of promise, & the zircon/heavy REE will probably have to discuss with chinese.

I noticed a 2m buy order got hit on Fri on CMYO, someone punting big time with $12k? I don't think so! More often than not, it is insiders working. Initially I thought he got his stock code wrong. :)

The closest example I find CMY is comparable to is CAP & CAPO. CAPO ran 2 months before expiry from 0.4 to multiples of 10s then fell back to 1 as CAP was manipulated down to the 30s area (30c ex).

Then magically, 3 weeks before the expiry, CAP ran to 45c, those buying at 1c made another 10 bagger. I doubt very much those buyers were average mug punters like you & me.

Will be interesting to see how CMYO plays out in next two weeks. Too risky for me, but obviously not for the $12k punter.