"I'm looking for someone to come up with a positive on this stock"
HCers are great at spinning and ramping but I think this stock really stumped them. So the only call is for patience.
On a serious note, IMO, the downside risk has increased a lot. 1.50 has been a strong technical support. If the SP does not rebound within a week, people buying into this support level will bail out and we will see the SP falling over the cliff.
I think the company has weaken fundamentally, with fall in tonnage, grade and commodity prices retreating - and these factors have nothing to do with management.
CMR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
