RE: gold hedges - baystock1The thing to consider about CMM is whether or not the financing they announced will actually close? I have owned CMM for years and they are notorious for saying things that never transpire. Recently two financings fell through, Fortis and Octagon. What are the odds that the Union Securities financings will actually close?
I hope it does because I own a very large position of CMM. At 1-3 cents last summer I averaged WAY DOWN by buying a huge amount in the HOPES that the management team would be ousted and their properties developed. At today's price I'm a lot more gun shy to buy CMM.
If you're new to CMM it's really going to be worth your while to research the company because that management team has done some pretty bizarre things in the past..............