The way I see it, trading the last few months have been a huge battle between buyers and cap raise flippers.
chunks of shares have been constantly reloaded as to not have a huge sell order and push the price down too far.
buyers have been forthcoming up until the selling pressure came on to thick. Now with such a drop in the copper price people are temporarily selling out of copper. Not because of the stock but the outlook for the metal. Which we all know has a bright future in the long run.
You are now paying what you'd pay before the acquisition of the patterson tenements. Fundamentals have not changed.
The people who know the story well have bought on market a lot between 24.5c and higher. Paradise 5m at 30-31c.
Nearly 15m shares have sold it down the last 3 days , the sellers see it as an opportunity to sell as many and as fast as they can to get their order filled before others. The others follow suit and buyers are outweighed. Those brokers no doubt will be first to jump back in when we see a copper price recovery.
copper outlook remains good,
CYM still will be making good money on the copper price we have now.
Nothing to worry about, hold those shares tight and don't give in. Other copper companies have suffered the same fate lately.
I have been hoovering up all I can afford the last couple days.
Don't see this dropping below the cap raise of 20c but even this PA has really surprised me.
GLTAH
