With Pb down 10.5% last night today will be tough for CMR. We may see capitulation when holders chuck in the towel. No need to rush in and buy. Resource stocks are unlikely to bounce back up sharply. When they do recover it will be gradual. When will recovery start? Not anytime this year i feel. CMR is different in that it is about to change status into a producer. Makes this stock harder to call than other BM miners.
CMR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held