CMR 0.00% 15.0¢ compass resources limited

sure mate, I know how you feel. Resources (esp small to mid) are...

  1. 872 Posts.
    lightbulb Created with Sketch. 14
    sure mate, I know how you feel. Resources (esp small to mid) are getting flogged, even a larger one like OXR hammered today. But I think this is unfairly. Resource prices are quite firm still, and the market participants will stop panicking soon. Although it would be nice to pick a bottom, my point is this is very hard to do and although there is great prices now, of course we could get even better value.

    Re: shorts, yeah think the fact that they have recently been allowed (according to the asx shortsell data) that people would take it up, even tho this was before the ongoing mkt correction.

    As you mention in your concerns, there may be some people who are shorting as they think or know of issues with startup..... but even if startup is delayed further or HNC pull out of the deal, would you still think CMR is a great investment at current prices or lower. I do, as I am happy with my understanding of the project/s economics, and fall back positions available to CMR.

    Good luck mate.
 
watchlist Created with Sketch. Add CMR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.