You are right, there are many short-term options right now to make some incredible gains instead of CMR which is in a trading range, and I have already done so.
But for me, I am confident that CMR will be re-rated big-time as production gets underway at the latest, or before that if they make some concrete progress on progressing the Mt Fitch uranium mining and/or have some excellent drill results extending mineralisation either base-metals or U. For that reason I am happy to have 10-15% or so of my portfolio in CMR and I will look to increase over the next couple of months if the sp softens any further.
A rider; one never knows when re-rating will occur; look at ARU that re-rating has been mind-blowingly quick and not news-driven as such (almost 200% in a month) and much sooner and stronger than anyone would have believed possible. You wouldn't have wanted to miss that ride!!!
CMR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
