A lot of stop loss short trader triggers went off this afternoon no doubt. This is not a big register and so not as much liquidity as a Lihir with a billion shares on the register. These shares are a quality buy. Value for money. So this is a really sharp short squeeze. I predicted it a few days ago, twice. A lot of people who were at work today are going to be looking at their screens tonight trying to protect bigger short profits tomorrow by getting out asap tomorrow? Also, didnt a lot of people realise that CMR is free carried for all capital expenditure in the big Sulphides plant by the major customer, in exchange for a half interest? So no more dilution of equity in development for CMR holders ? The Chinese know just how tight mineral supplies, especially from safe sources are becoming. They are not doing this for nothing.
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
