Dominion Mining was $6.50 last year now $2.20 ... they make serious profits
Independence Group was almost $9 last year now $2.40 .... they make serious profits
Oxiana was $4.20 last year ... now $1.75 ... they make SERIOUS SERIOUS money
This ain't just a CMR thing , the whole resources market except a few lucky co's ( BHP,RIO,FMG ) has just caved in. And even the lucky ones are 25-30% below recent highs. Just ugly. Get out and stay out until the economic dust settles.
( Buy listed property at 60c in the $1 if you judge the balance sheet strong enough ( sub 40% gearing ) to survive)
CMR Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held