RE: Where did the fantasy traders go?CMK will unlikely be a producer this year. The company have many risk factors that will delayed the start of this operation.
- Investors are shying away from the coal asset type companies, this can run until early winter.
-CMK will need additional capital to bring mine into production, where would this come from?
-China growth rate is slowing down
-CMK sp will continue to decline, until it hits 50 to 70 cent range
- CNBC economics experts saying look out, DOW will hit 7000, S and P will be down to 800 some time this year, very scary, sell off will continue
- Cash know is a safe haven