Good money after bad?? At $1.60 yes at sub $1 maybe a reasonable gamble. Game is not over until the plant is tested one way or another and costs are run up the flag pole. The whole market is stuffed and priced for more pain.
You called the melt down alright and further to the point advised holders it was to early to average down in the $3 to which yours truley was listening and thankful. I make many mistakes and that wasn't one of them...ta
Still waiting for more bad news regards commissioning problems which IMO is probability before considering a re-entry. In that respect I have some hope that maybe Oxides will escape the acid squeeze if consumption is a lot lower than industry accepted range. I know people don't trust my research so here are a couple links to research themselves I found a couple of days ago.
My thoughts on protection. Capital management and don't risk too much with speccy resource stocks, epecially be careful avergaing down into this trend in this market. Keep some powder dry for FACTS that change the equation and jump on price consolidation. If your wanting good returns and safety can't beat the likes of AAZPB IMO. Not sexy but 75% return over three years aint bad.
goodluck
CMR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
