CMR had a reprive from their long SP retreat from $6.00 to $1.50 It even touched $3.00 but it has now returned to its down trend.
The metal prices have fallen sugnificantly from their unsustainable highs and this cerainly hasn't helped. But I think the real problem is the project is 12 months late & is ending up costing twice as much as forecast. With a management track record like that its not hard to see why investors have just a little worried as they still haven't produced an ounce of metal.
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any explanation , page-3
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