CMR compass resources limited

2.80 next stop load up the shorts, page-4

  1. 824 Posts.
    oly

    Entirely agree with your long term sentiment. My complaint the lack of market disclosure. I recall you calling the shorters "Kamikazes". Clearly they were not. They were privy to information that it appears the company has withheld from us. Even worse, only 3 weeks ago, they announced that we were 85% complete and on budget.

    Now, if they have been mislead by contractors, engineers or others - time to talk to the lawyers! Why should we foot the bill of some $30 mill if our contractors havent performed.

    I am happy to invest in CMR, but at the right price. And I have been buying at an inflated price due to inadequate disclosure. Furthermore, I have been buying in anticaption of production commencing in 6 to 8 weeks based on the company's disclosures! I expected production to bring increased interest to the stock and some value appreciation and dividends.

    Now, sitting on a sizeable paper loss, I have to wait another 6 - 12 months before production commences with real prospects of the share price sliding in the mean time. Why am I in this position? Because I was not as well as informed as others and it is the company's obligation to ensure that I am informed about issues like this.
 
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