Your on the money for most of that. The problem is this fervent belief that the SP won't head south and this is the bottom so its all full steam ahead to a buck. You call this downramping, I prefer realism.
An example of where this promising stock is in the mining world is another cu hold in Chile. Remember CPO is not even a blimp on the white board yet least of all not mentioned or exhibiting at cu expos.
The other player on the ASX is13 years in the making from scratch. An explorer proven 20year mine life and billions in cu and gold with major partners. The resource is done and dusted, waiting on all the final estimates 4 years off producing, so far reckon 150,000 ton a year, lowest cap ex in history, still 30mill in the bank from CR, buying up surrounding land to expand and plunder and most importantly for Chile cu miner has its own water.
Now you'd think it's SP would be dollars.
CPO is like this was 10 years ago and when SP was 80cents and during record copper price of +$10,000 ton, so much enthusiasm and hope like all these posts, we were all guarding our stock, oblivious to how tuff it is at the coal face and blicking all the online comments that appeared negative and unhelpful, just as on here. I wish I had been more wise back then, listened and learned from all the material.
BUT, it's taken 20 capital raises since then, the original shares on issue were just like CPO, now 20 CRs later, yes 20, it's SOI is now 10 times.
SP is now 2.2 cents. Was even at 0.8cents 4 years ago, never gone over 5cents.... each time it nudged it and we thought this is it, they did another raise.
CPO has no resource, just hope and a pinch of grades here and there, a discounted dilution is around the corner, probably 3.5cents, have to sell your sole for these institutions, who, if their really interested are going to control the SP for years to come.
There's no shortcuts, it's an unavoidable pattern.
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Your on the money for most of that. The problem is this fervent...
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Price($) | Vol. | No. |
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