GREY:CPMNF - Post by User
Comment by
MakeMyDay2on May 06, 2011 9:45pm
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Post# 18543513
RE: CHM
RE: CHMWell Jpast, hard to tell, I hope we are at the end of this slide. I really didnt expect to see the SP go down day after day to this level. It is so easy to say " I should of sold then " bla bla bla . Any investor went through this before. I am obviously disapointed but still very very positive. We have to keep in mind that many other ressources stocks are also taking a hit, we are not the only one. Mind you, many times CHM had some very strong comebacks so ... !
CHM has everything lined up alright with many more drill results ahead and 43-101 upgrades, they are close to the roads, hydro, railroads, Cliff, Arcelor etc etc. Lots of money in the bank and the world iron demand will keep going upward for the next few years.
There is one factor though that affects the SP: The infamous seller(s) ANONYMOUS ! He or they have been dumping tons of shares in the last weeks and more. Not surprising the stock took such a dip. Anonymous sells, even when the bid is not that strong, they dont care. They sell and then the SP goes down 0.10 in a snap. I hope in a very near future they will be done selling ... !!! I know they are not the only sellers but ... !
Speaking of selling, Mr Larsen and Mr Sauvé from the management bought lots of shares under $1.00 and they have not sold yet ..., this is an excellent indication they strongly believe in CHM and what's ahead ... ( takeover ) !!!!!! In my books, this is very very reassuring !!!
To all the CHM believers, have a nice weekend !