CMR 0.00% 15.0¢ compass resources limited

walking dead now that cobalt has weakened, page-13

  1. 2ic
    5,923 Posts.
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    Sorry for the offense but it harks back a few months to a post of mine titled "the elephant in the room" discussing the importance of the cobalt price to CMR in a tongue-in-cheek metaphor. The post was TOU'd by one of those here that don't like me sticking my nose in. The company made outrageous cobalt price predictions ($50/lb)in their financial modelling to cover the fact the Oxides plant was an obvious loss maker. This debate on the cobalt price has been going on a while between myself and the cult.

    Although I wish goodluck to everyone and 20c be cheap though all things considered i don't think so. Those new to CMR should know the risks involved while those old timers who harrassed me for months should have known better.

    cheers
 
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