CMY (ASX) Future of CMY

Originally posted by Lucky Dreamer ↑

The next big thing and source of income for CMY is the project granted in Ireland. Near their site is held by International Lithium Corp. ILC established first than compared to CMY but it would be logical to think that any results by ILC for mining in Avalon would give CMY more confidence. But where is ILC now? Are they making money in Avalon. You can do your own research.

Several application permit here in Australia is still pending. Any approval would literally push the SP north (there is no other way but north or die). Gascoyne project looks good and has a hige potential as well.

But the question is: Should you buy now?

IN MY OWN OPINION

There is no better time than buying it at the cheapest 0.001. But don't put it in sell at 0.002 hoping to make 100% money. Instead, sell it at a higher target price like 0.008 or more (if possible). Lets be real. CMY is not for shorters but for Long Term Holders. Yeah CMY has a bad reputation on pumping but if you believe in them and their potential, leave your money and go back in a year or five. Just be updated if they don't have enough fund to survive. But before that happens, you can sell it again at 0.001 at no loss at all (except for transaction fee) buying at 0.001 is playing a waiting game.

If you don't trust them. Then don't buy.

Wishing you all a good year and without any regrets in life. Good luck!

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In my honest opinion, you are better off taking your investment and betting it on the horse paying the highest odds.

Fun fact i tried to sell my shares just yesterday at 0.001 to do this, but i couldnt sell because there are no buyers at the lowest possible ASX price.

CMY management are a joke. I think you must have also missed the previous announcements, CMY are preparing for a 15:1 or 10:1 (not sure which one as the incompetent management of CMY have wrote both ratios on different announcements), which means buying at 0.001 is not buying at the cheapest price and there is potential for loss.

I highly advice staying away from not only this company, but anyone / anything associated with anyone on the CMY board.