glad i am a bit of a duffer re all these figures being thrown around but some points to note - THE BIG ONE-we are producing and in the short term if we are covering the bills during all this mayhem we are in front- 2- the investment funds etc have all backed out from base metals,partly because of redemptions by scared investors. they will start to come back 3-remember it takes ,from memory,around 3 months to get plant running up to 85% plus so we have time.
3 months in this market is a long time.
i keep reading of vast pools of investment funds now sitting on the sidelines waitin to re-invest and its not facts that start the re-investing its perception that the worst is over -just as the herd instinct has helped drive everything down its the same on the way up-survival meanwhile is the key,
read article re china state minister saying chinas growth will be 8.5 % more than lst year not 10 % and that is from an expanded base! for me that holds a lot of hope.
remember all these experts crawling from under whatever rocks they come from preaching the end of the world,i didnt hear them 3-4 months ago. note all the noddys who have repeatadly posted posts here claiming the plant could never work and they were telling us this from the goodness of their heart-we shall have the last laugh
CMR Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held