I’m not sure how I personally feel about this dilution, maybe my emotions got the better of me when I saw the market sensitive announcement and I thought we finally had mount Gibson approval. Regardless I think the market will love it.
CMM is now a hedge free, debt free, cashed up, cheapest quartile producer, phenomenal assets and growth to 300k ounces through mount Gibson and karliwinda expansion.
I don’t know what other boxes they can tick.
My only concern is the abusive relationship they have with their scrip at the moment. They’re really starting to abuse it and I’m scared to think what they might make it do if it gets to $10.
CMM Price at posting:
$8.37 Sentiment: Hold Disclosure: Held
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