The site you mentioned ---http://www.compass-resources.info---- is a fake site put up by our self appointed PR man Justine. You can see a photo of him here :)
along with some nice piccies of early site works and some tooing and frowing between Justine and a cpl of old HC Rowers
The real compass site is here http://www.compassnl.com.au/
Re suggestion of delays -- Someone posted earlier that a reply from Phil Cohen said is untrue and todays update by Huntleys confirms Viz:
Result Description · Recently we suggested potential for a pre-production lull in share price. This looks to be bearing out. After spiking briefly in late February to $6.20ps, the current $5.30 price is only marginally higher than at the time we last wrote. Potential is for a re-rating upon first metal production all else being equal. This is still slated for mid 2007 with the oxide plant construction on track despite some of the heaviest rain in 20 years. Earthworks held despite a robust test of integrity from cyclones. · CMR previously said the Hunan signing ceremony would be delayed until March 16 due to complexities in legal drafting of three separate joint ventures. It is taking longer still. The Chinese regulator has approved Hunan’s participation. We believe completion of the English version of the documents is imminent. The Chinese translation could take two to three weeks longer. That would see signing in mid to late April. CMR will receive $72m cash for the Oxide project and $11m for past exploration expenditure. While frustrating, we don’t believe the delays reflect any loss of enthusiasm on the part of the Chinese. CMR has more than enough cash to fund completion of the oxide plant in the interim.
Pre Production doldrums - I expect - gives you time to get a cfd account opened for leverage on re rating lol
Might get a tickle up next week - coz huntleys morining notes are repackaged under different brokers names and passed to clients over next few days then that usually follow up with a more detailed follow up in fortnightly small companies guide
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
