CMX is a ticking time bomb!If their deposit was in the Pilbara,...

CMX is a ticking time bomb!

If their deposit was in the Pilbara, they would have hit $2.00 plus on the back of their recent JV's, and eminent production.

Also Radwimps, you mention:
"volume is still very small ... 200million shares on issue only half a million trade daily"

You make a serious mistake by judging volume against the amount of shares on issue!! In fact CDU have 270 million shares on issue ... But, and a BIG but ... as of today, the Top 10 holders own 200 million shares between them!!! The next ten top shareholders hold a further chunk. I can guarantee you that none of these will be selling at these "cheap" prices!!

So that leaves a free float of probably 50-60 million shares, of which many will be owned by other smaller long term holders.

This is a VERY illiquid stock for a significant near-term iron ore producer! So as for volume, CXM is going fine... in fact yesterday's volume was the highest for the 12 months!!

I wonder why?

:)