I agree completely that CMR was a great buy at 30 cents.
At $5.20 though 2 months ago it was not such a bargain.
A ten-bagger at 30 cents is great for those that jumped on board back then.
The "story" was 3 operational mines by 2011 and a $10-20 stock by then. As CMR is a junior there is very little research by analysts on such a stock.
Apart from Ian Huntley it was a case of believe what the director's were saying and see what the long termers like Olympian had to say on forums like HC.
Sure in the end it is always a gamble and going with your gut feeling. If CMR fizzles out into nothing I will add it to my list of dud stocks, move on and use the CGT offset against other profitable stocks next year.
What really annoys and disappoints me is deliberate deceit and deception and I had not expected to find that with this stock.
CMR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
