Havent posted for a while because thread has been dribble with...

Havent posted for a while because thread has been dribble with non holders and every cat and dog putting in there two bob so i thought i might as well have my two bob to say.

WOW what ride, im gettting tired of crying myself to bed hahaha still hold a large holding and no reason to sell at these prices. three months ago this company (FROM WHAT WAS KNOW THROUGH PUBLIC INFORMATION) had a huge future. I remember coming out of the AGM really excited. I can tell you i would have sold my holding and repurchased at a latter date if i had known

* 24M cos blow out
* Resource down grade
* Cash flow model

which were so conveniently drip feed to the public in the months to follow, so to say that i have utter contempt and disgust to this fraduelnt board would be a gross understatement. (Your telling me they didnt know there was a cost blow out of 24 million ....)

Add on top of this the biggest drop in commodities in 20 years, short selling, corporate games, global slow down, seasonal impacts, olympic shutdown of chinese demand and you can start to geta feel of how bad the timings have been. I anticipated a drop June - July- August and would not have been suprised seeing CMR at 1.50-1.70 taking a hit like teh rest of sector but sub 50 i could never have imagined. im not a TA trader but have the very hard way learnt the importance of trailing stops for capital preservation and am man enough to admit this has been the hardest lesson dealt to date.

So now with all this off my chest where to from here

Firstly i believe that current SP is pricing in the company is worthless, that means the oxides will burn cash from day 1, no sulphides project our we wount get that far, no value of its inground resource, no upside in its exploration, HELL i think if we sell teh plant we would probably get more that the current market cap and absoloute joke.

Secondly resource downgrades not overly worrying, you have to remember not even 50% of the surrouding araes have been drilled, with HNC funding exploration that is only a baseline much more still to be proved up

thirdly Oxide plant THEY NEED SMOOTH COMISSIOING, i have emailed neil Guest but he probably wont return my email due to heated discussion. Last i heard all is smooth sailing (although theer word means diddly squat to me now). Specifically operating costs can they be reduced, well idont know the drivers for sulphuric acid costs but would be intrested to see what there forecatsed cost is there woudl ahve to be some relationship with price increase and decrease with overall XRA. Quiet simple if you think base metals will rise based on fundamentals then oxides has high probability of being profitable. RBA will cushion if otherwise but not in this to get help from RBA in this based on pure macro economics (which again mean diddly squat right now)

MO: Well i still believe this has huge potentail howeevr takeover risk very high. I have learnt from lessons

* I will buy only on breakout above 0.71 and will continue to purchase looking for a large swing, however will follow with tight stops

* IF they can get it right the swing will be huge and the pain endured to date will be worth it

* If not well lets just say i dont think it could get worse