Yes well it seems I should eat my words perhaps, and sit tight with my 57c package - at least for now.
Looking at CNB you would think that the copper price has crashed, or that CNB is in Lithium or Nickel. Or that a major announcement was released undermining its fundamentals. Of course none of these things have happened. (and I don't really buy into the argument of HMX discussions being the trigger - that was always a possibility and it is far from a done deal by the looks of it)
CNB have enough cash to ride this out for a few months at least. So it begs the question - are Regal going to hold the price in the 40s (lets say) until the next raise? Or is a lowball takeover offer going to appear in the meantime? Or is this just one massive treeshake?
Anybody's guess.
Cheers,
Dingo.
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