CMR compass resources limited

selling out, page-31

  1. 173 Posts.
    "none of us have a clue" Facts are severe downward chart since May - Director buying at around 80cents- Plant works and producing - sales income next month- Lots of selling lately with higher volume - Metal stocks on a roller coaster - CMR goes against trend Friday and Monday - CMR drops at a double the % yesterday of other spec mining stocks.

    So what you might ask? My take is CMR is in limbo its moving from a spec stock to an investment stock as is FMG and there is a high degree of market uncertainty until sales confirm the investment and cover debts. It has now become a longer term holding and those that have held time with moderate losses are moving money to something with a shorter horizon for an uplift.

    So what will prompt a move up - some more resources discovery, sulphides prospects coming on stream, demand for Uranium.

    All we can do is expect the unexpected worth holding in my view.

 
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