Gotta agree now, breaking it up in an evolving primary Bear aint exactly the way to shore up the market cap. Thumbs down by market again today.
Maybe the bridge thinks we aint in a new global Bear (where did that rum come from), or at least only a short-lived one so that its OK to suffer short term -pain, and corporates do take time ....... but will the instos HAVE to sell us if we lose XJO listing based further weakening of our market cap?
Times are changing bros. FAS 157 is major voodoo for the economo-MATRIX coming up. Its been in the air some time now ... hope Im wrong. If I aint, call me OLEO from here on haha.
Then again the exploration stuff is only spec and this aint a spec market, so doubt the market has assigned any value to it at this stage. We need to consider what we HAVE and about to hopefully develop. Bear markets only look at realities not specs and usually assign abt PER 7 on average. But that implies we have earnings to start with ...... hope that Cobalt price stays put. CMR is supposed to be the ARK damn it !
At 2 bucks we are at abt 270 million market cap ...... how much JORC-U do we have at Mt Fitch? And a far cry from HNC likely (?) 1 bill PF for half the base metals ..... on successsful FS decision of course.
Any secret agents looking in here ....... strata, the ox, even that over-inflated Namibian nuker? Its GOTTA be on some snack menus by now you would think.
Volume distribution continues by looks, so maybe the fundies are still off-loading? Keen to see who first issues a new major shareholder notice (?).
We are now at the techno Great Wall of China, at the cup rim, but the barbarian hordes continue to press hard. Any breach will need to be quickly attended to or else ...
HNC sold half at 410 ... gives them plenty of buffer for rest (250 cost). The yank instos paid 185 so all their selling to date (and it looks like its been significant ... prob have their own probs? ... always a danger) has been in profit. Gives them plenty of buffer too if they want to dump. Its being absorbed in an orderly fashion tho ..... so who is accumulating if none of you guys are haha !
Its all too hard ...... I need a new pilgrimmage to high places. The MATRIX is showing signs of crumbling. I just wanna taste steak again even if it aint steak haha.
Zeus keep us safe.
IMBOOC
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
