Is all I'll be able to afford if the price keeps trending down.
Have not checked the number of shorts on cmr for a while. Surprisingly there are heaps more.
CMR COMPASS RESOURCES NL FPO 964,407 12,702,651 .75
To me it seems as though there are way more informed investors riding this one down.
I m struggling to establish if the asx announcements or price is noise or fact. I know for certain the price is fact and now starting to become uneasy about the announcements. From what I keep reading here on hc about all the positives:
how undervalued this one is
Debt free
Resource upgrades / exploration extensions
Commodity boom
Production is just around the corner (this is my biggest concern - do not know if management will deliver on theri re re revised schedule)
++++
And CMR keeps bucking the trend trading way below fair value. It just does not add up.
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Is all I'll be able to afford if the price keeps trending...
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