CSE copper strike limited

Hi tcisbossMarkets have two distinct behaviours. I have watched...

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    Hi tcisboss

    Markets have two distinct behaviours. I have watched them for years and still get caught sometimes (just like now).

    1. They will dump everything in a panic irrespective of it's real value.
    2. Markets go to the nth degree, further than you ever expect, to extract the maximum pain.

    Nothing has changed for CSE as far as I can see. There will be higher interest bills on any borrowings required for development but there should be ample fat to accomodate this.

    What has changed is the markets risk tolerance and the mix of holders now on the CSE registry. My hunch is Tolhurst has been selling all the way down and taking a right hiding. Their clients will be doing the same thing and we need to wait until they are out, I don't think that is too far away now.

    Provided the US economy doesn't get too much worse then we should pull out of this tail spin fairly soon. The Copper price is up almost 20% this calendar year and the Chinese have a tendency not to buy until after the Lunar Holiday (Last Thursday). A break of $3.75 means a run at all time highs of $4.00. If they are still selling at that price, we need to get a loan and just buy the company as my valuation as well as all the brokers is $1+ :-)
 
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