However we are dealing with a speculative stock with MC under 50 million.
If you wish to wait, then fair enough also.
However I dont see how that is the be all and end all at this very early stage. If thats your strategy then again fair enough but you're basically not looking at hundreds of exploration companies or start up companies who are yet to illustrate if they are a profit making company.
May as well only look at companies with MC above $250 million.
I'll back what they have forecasted at roughly $700/T.
I'll back the management who have been buying at higher prices and hold a fair chunk. Who have achieved as set out.
Oh no a cap raising to privates to fund an unexpected aquisition to lower costs. Plus a deal put forward to rectify should this occur again.
Brilliant if you ask me.
I'll be adding more again.
CMC Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
