Post by
reddog11 on Nov 17, 2023 8:07pm
Scenerio
I have been thinking about the stockprice a lot and trying to understand how such an insane price can exist. I suppose its because I know about the 100 million infrastructure and the 30million ore pile.
If no permit is issued then the100 million infrasturcture is moot.
If, however a permit is issued, my best guess is that a buyer ( New Gold) instantly emerges and CCMI is bought out for about, which Im guessing would be maybe 30 million, or $.15 / share.
(ore pile and infrasturcture anda piece of Thierry)
My guess would be the company that owns the processing plant ( New Gold) we will be delivering ore to.
Yes, Bull River is not very large, but it is very close and such an insane value.
I have lost most excitement for CCMI to make it alone and hope actually a scenerio like this occurs.
The permit is the key and so so so sad that any group can have such a strangle hold.
jmo
RD
Comment by
jleer42 on Nov 17, 2023 10:37pm
I don't think the stock price is moving until there is money coming in monthly from the ore pile. It is incredibly thinly traded now. I bought more stock at 0.03 and a little at 0.025 and was the major purchaser for several days with tiny trades. Just wait and see, very little buying or selling.
Comment by
reddog11 on Nov 20, 2023 8:59pm
Its not about Bull River beung too small. I agrree. However at $.025 its easy money for any other miner with cash. Its a daily double wuth zero effort. I dont wish to sell out to someone else, but I dont wish to be at $.025 either, yet here we are. RD