Copper Mountain Mining Corporation T.CUM

RE:CMMC 2nd biggest holding, ASX listed

[Mephistopheles3]

Thanks mate. Zeta's recent selling in mid-October would mostly explain the underperformance of this stock as compared to the other copper companies.  

I went through Zeta's financials and annual report which was just published a few weeks ago.. also their recent announcements through the ASX exchange.  It's not just CMMC that they're dumping, they just filed change in ownership on two of their other major holdings.  Looks like they're selling a portion of their portfolio across the board. I think this would alleviate some of the concerns that they might be sitting on inside information (which they might be doing anyways).  

Their balance sheet looks tough - bunch of debt at 7.5% interest and they can barely service the interest.  So this might be a good buying opportunity if Zeta's continued downward pressure will tank the price over the next few weeks.