RE: Bates = Incompetentstraightbull
I didn't post my notes in this topic .. but since you started it
here you go
============================
THE NUMBER OF POTENTIAL CATASTROPHIC OUTCOMES TO STOCK PRICE
( not necessarily to CMK as co. ) IS UNBELIEVABLE .
They play it extremely risky and in that game the PPS is pretty secondary - likely victim
Just look how they escaped TOTAL DISASTER BY A HAIR.
They spent total $90 m on the property and Allen Mine refurbishing.
In second Tech Rep. they will get out of Allen mine 1.8 mt
Aver 600kt /y for 3 years and end of story .
Profits would hardly pay back what they sunk in the hole.
They apparently realized that in 2010 and started frantically to drill.
The Blue seam saved their life . but requires
like another $ 100m capex .
AT same 3mt CAPACITY as original totally misleading pump
- not coal , yet alone MET SALES.
Production 2014 will be max 2-.2.5 mt and met portion 1.5 - 2mt .
geeesus.
T
hey were that CLOSE to print on chart another pump and dump
Actually are in process of printing it ..take look at chart LOL
https://finance.yahoo.com/q/bc?s=CMK.TO&t=my&l=off&z=m&q=l&c=
GOD of course didn't have idea how close to disaster he was. ( and still is )
The culprit ,why they go for "all- or broke" (same as GOD). lies in their age.
After their whole life ,they achieved LITTLE_TO_ NOTHING as CMK goes.
( except of course detaching investors from $$millions)
Being overdue for retirement and having left maybe 2-3 y in their professional career
they go head first against the wall
"This time or never "
not their money anyways.
Such desperate determination has it's pros and cons.
More pros for them ,( they have little to lose )
and more cons for the shareholders financing it.
S
o, the pilots of this aircraft may have a tendency
of a KAMIKAZE.( who has 2-3 years in life left anyway)
"Would you care for a peanuts while enjoying the flight "
IN A SHARP DIVING MODE " LOL
https://ailaham.files.wordpress.com/2009/12/kamikaze.jpg
THIS IS NOT YOUR AVERAGE SPECULATIVE PLAY .
IT IS SPECULATIVE ,WAY OVER AVERAGE .
They will likely do one more round of 10 m options dump and they'll say
to shareholders - 'it was -nice meeting you " LOL
They are nice guys after all .
So am I ..right GOD?
BTW : the MUCH BETTER POTENTIAL than CMK co I am comparing to
which went same way of delivering fraction of the pump
fired CEO in year 2 , after promising 900kt /Y 1 and delivering 168 kt
Didn't help them though.
3 more years of delivering 1/2 the 'plan" and losing money
and they gave up - sold themselves ( 1.2 B T resource vs CMK 400m t )
f
or $ 1.73 CMK sh equiv
======================
The return of constantly losing ,constantly wrong idiots here
(beside the resident loser - GOD..nothing personal GOD
..you just fit so perfectly a picture of classical tard -sucker
who thinks he is the "chosen one" LOL )
... is also good indicator of future PPS direction.
The somehow reliable indicator of bottom will be ,insiders
printing themselves another 10m options
More dilution but in their mind cheap price.
As long as they don't think it is a bottom ..it isn't.
As during the AGM misleading BS ,they know exactly
what they have in store for you while smiling and shaking hands.
More here;
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CMK&t=LIST&m=29953456&l=0&pd=0&r=0&msg=3
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CMK&t=LIST&m=29954582&l=0&pd=0&r=0&msg=3
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CMK&t=LIST&m=29954686&l=0&pd=0&r=0&msg=3
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CMK&t=LIST&m=29958786&l=0&pd=0&r=0&msg=3