the facts here are that cmr has had some disappointing delays that has clearly frustrated the market & shorters saw an opportunity to exploit the situation.
underneath it all cmr have an undeniable world class asset and will be generating massive revenues in the near future for years to come.
unlike many explorers that have just delivered some assay results and are years away from getting it out of the ground, cmr actually not only have the resources in the ground but also have nearly completed working on the mine to start rolling the revenue in. and the most remarkable thing is that they are capped not much more than some of the explorers.
imho this is an absolute screaming buy. huntleys are still valuing it as a buy up to $6 and a sell at $12.
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
