CMR is still not a producer and until the plant is operating there is always the issue of a major issue surfacing. Poor metal prices aren't helping as well not to mention the overall market. Delays to resource upgrade also weighing on stock. Seems everything this company does is delayed with cost overuns.
CMR couldn't wait to tell everyone how the grinding mills commissioning went well one the 2nd June. Then suddenly on the 12th June no more commissioning updates until the quarterly report. Seemed a sudden and strange change as if they weren't saying something.
On the positive side a huge resource that will get bigger and a financially & technically strong partner that will buy everything they can make.
CMR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
