Whilst I appreciate the fact that blips in the copper ore/metal production scene can cause temporary glitches in price (either up or down) - I usually adopt the principle of - "Can this company survive the long run on its own merit?" - bumps on the road are just that - temporary in nature. Naturally, if there are several bumps in close occurrence of each other and those bumps continue down the road for an elongated period, then that becomes the new normal and we start to evaluate the company with respect to that new normal.
The pertinent questions are:
(1) Irrespective of several bumps in the road (Peru being one), can CYM survive - we already know the answer to that.
(2) In the foreseeable future, will there be an oversupply or under-supply of metal? As seasoned investors, we know the answer to that as well.
(3) Does this company present a long term investment? Yes, its positioned as a mid-tier company with multi-decade ore bodies. So this takes care of our investment long term.
(4) Is the process technology mature and well known - yes it is. Its not some fancy-shmancy new-fangled theory that has yet to stand the test of time.
I've placed my money on CYM as a pure-play copper story, and am now searching for other similar growth stories where the market has taken leave of its senses thereby resulting in a massive disconnect in share price.
Every time there's a dip in the price, I grab a handful
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Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $42.72M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $6.086K | 216.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 236740 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 595000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 200000 | 0.027 |
5 | 646999 | 0.026 |
7 | 1609201 | 0.025 |
3 | 508000 | 0.024 |
1 | 300000 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 595000 | 2 |
0.031 | 6976 | 1 |
0.032 | 300000 | 1 |
0.033 | 265548 | 2 |
0.034 | 1000000 | 1 |
Last trade - 14.36pm 13/09/2024 (20 minute delay) ? |
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LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
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