more high grade cu found, page-76

Hey helmet & SSkim (and now Buddy LOL)

Look I'm still on board with the potential long term gains for this company but I have some big questions that I feel need to be answered before I become a major holder again! So far they have not been deemed important enough to answer but I will begin searching in more public arena's very shortly which will hopefully give me many more unbiased answers than I seem to be getting now. I wrote a very long post the other day covering 9 area's of fairly major concern to me and was very close to posting it on here. However I read it via phone to another large holder who visits this board regularly and he recommended that I hold off. I believe he was right and the timing was not good. But that may change.

Watching the trading closely this last couple of weeks (as I sold heads and bought a few mini's as Hooter said) has not only bored me to tears but it has really brought home who is now in charge of the medium term sp of this company! Will it change? Probably but why should it in 2012? You've got 3 HUGE entities wanting more shares (of course at no more than they've paid before) and even 10 odd million shares that are to be issued to staff at VWAP. Why should they care if this stock trades at sub $3?? Doesn't look like anyone on the planet cares at the moment. In fact last week there were days that if an order to sell 100,000 shares of this stock were put in at market my bid for 50,000 at $2.70 would have been taken out. Soon I imagine we will hear about another placement at @$3.80 to which I will again be inundated by calls telling me how great it was that we managed to get above the current share price. It sure seems like there must be a lot of mom & dad huge holders out there by the looks of all these 25-50 thousand blocks of shares that keep getting thrown out into the market one by one LOL.

We are all told just to hold on and never dare trade our shares but the difference with me and some others is I've actually had to BUY my shares with MY hard earned cash. They weren't GIVEN to me. When I look at my spreadsheet there is actually a colour called RED which means I am losing money, not just UP less than I was last week. As I tip toe along my "rough" break even levels I have to decide if we are more likely to see $4 or $3 in the next month or two. I have made my choice and have sold say 40%ish. If I'm wrong then fine. If I decide to buy more I'd rather buy them back at $4 with things looking solid than at $3.40 when things are very unclear to me. If they were to drop below $3 I still may not buy back in but that wouldn't be because I don't think they're worth more than that. Bottom line is nobody knows what the heck the Big 3 are thinking (or could start thinking) and so it's getting a bit too much like gambling now. I've got as much money on a punt in CDU right now as I'm comfortable with.

I can't tell anyone what's going to happen in the coming months. What I will say is the same I did to someone I talked to yesterday who talked my ear off about all the wonderful grades and announcements that have been coming out. Whether I'm right or wrong I am going to be looking much closer at the way this stock is trading and who is buying/selling shares (and why they may be doing that) than I will at how much copper is in the ground. To me grades of copper are only important if I am going to get any benefit from them. OK I've blabbed on enough.

Until next time good luck everyone........

PS Buddy I wish I could help you there. All I can tell you is there are a few people I have brought in with PLENTY of shares. They don't even bother with the day to day (as I'm about not to) but they are sitting on that same sideline with you waiting to see what I come up with hahaha