OK back from my 2 day break (haha) to answer yr Q re AGM ........ many of us were there ...... fingers were pointed at previous mistakes by "others", mood positive about successful oxides production and successful sulphides JV, shunned need for TSX Listing or even major PR cos project is good enough witthout need for such (theysaid)..... shareholders bagged the last bit tho to a thunderous applause.
I keep thinking that u dont throw good money after bad if u think plant aint likely to work and u dont start up production without foreward commiting to yr opex components.
Yeah feels like a distressed seller ... we have a coupla US hedgies on the books dont forget and they are generally bleeding atm, and if so, they would have triggered heaps of stops on the way down.
I bought abt 80k core at a buck av outa 200K target from Mon - Thurs and now looking to see where next. i will be buying traders later with a vengeance once she confirms reversal triggers. You would all know the pivots by now.
Gotta stick to my guns on this cos really cant see any project negatives apart from (mis)handling but that should only be temporary cos if project is OK like I believe, "insurance" is we will get taken out at a higher price anyway.
Thats my SIMPLE thinking.
Meanwhile USDX rocketed thru 200dma (logs) on FRI and confirms my suspicions re short term gameplan for the creators of the matrix ... u know, pump USDX with crunch resources/gold assist and drag DJIA up into some kinda time target Equinox (?) Fibo 21 anniversary of 187(?) US elections (?).........feels like a poss C-2. USDX 79.7 looks the major horizontal line and prob a good time to buy into BHP (?)
CMR should be doing its OWN thing based success (pray Zeus) of oxides production. L/T nothing really changes but corporate thinking changes have to be made.
GT ... innocent til proven otherwise for mine.
Fantastic swimming last nite at the real Olympian celebrations hey?
IMBOOC
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