I will venture to suggest that we are near to bottom.
This is based on a novice retail understanding of such matters. Timed my last sell correctly, bought back too soon @ $4.
In any case, I have increased my holding for our next leg up.
If the cost of production of 1 ounce of gold is to rise in line with CPI and the spot price remains flat, it's fairly safe to assume that high AISC producers will struggle or decommission whilst low AISC producers such as ourselves will continue producing into a market with subsequently lower supply. So we are presented with win / win at CMM due to our board and management's ingenuity to prioritize "lowest quartile" production costs and follow through on delivering that to us.
Cheerio
CMM CHART, page-58
-
- There are more pages in this discussion • 336 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.78 |
Change
-0.020(0.42%) |
Mkt cap ! $1.804B | |||
| Open | High | Low | Value | Volume |
| $4.80 | $4.85 | $4.75 | $2.669M | 556.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2521 | $4.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.79 | 3881 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CMM (ASX) Chart |