i must have been pretty tired when i did my last post...she is already in administration. what i meant is (it will be sad if she is wound up)....
cuzo, no doubt u know this situation with cmr more than me...my interest is fleeting (i remember the stock from the ian huntley coverage of old) - i hope he is embarrassed with is coverage.
i might well be wrong but id be expecting quite a bit of seed capital to get sunk in here for a select few before a relisting meaning a lot more scrip than the old cmr had. would probably then need a consolidation before another placement to instos?
what id be wanting to see before considering an investment is a clear explanation re the plant/metallurgical problems and how they have been overcome. im still scratching my head a bit about how cmr went bust when i remember seeing photographs of coils of produced rolled copper, just weeks before the copper/wider market bottomed and the copper price came roaring back. browns plains is supposed to have the 4th largest lead deposit in the world from memory? again, i dont know the company real well but its a copper/lead deposit yes?
but id definately want more transparency into a go forward than was the case from management before she went bust. i remember there was a poster on the cmr thread warning of the metallurgical problems during the boom days & he was torn to shreds. would love to hear from that poster again and get his thoughts on the possible chances that a rebirth could have for success. if the metallurigical problems are that severe, maybe it cant be done?
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held