CMR 0.00% 15.0¢ compass resources limited

copper up to us $2-49 thats 16 % in 2 days (aud $3.54 )although...

  1. 294 Posts.
    copper up to us $2-49 thats 16 % in 2 days (aud $3.54 )
    although cmr is a disaster at present prices there is no doubt that present prices of base metals are not normal supply and demand.everyone headed for the exit at the same time and prices crashed,credit stoped and prices droped more ,media screams -the end of the world and prices droped further.
    lots of games being played and china playing for lower prices,
    however while there are lots of financials to come at least the banking system is starting to stabalise and credit is starting to be available,
    its going to be volitile for a while but its not the end.
    As for cmr-i look forward to first product being shiped this month,paying debts in cash,and if the base metals prices continue to increase to decent levels-then the sp will start to move up-
    i suspect there are few buyers for very small companys until a little confidence returns ,remember the herd instinct rules
 
watchlist Created with Sketch. Add CMR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.