RE: TiredPlus50,
I have mentioned this before regarding CUM's inability to hang on to its gains. Just as the price seems to break-out , we have a rash of sellers. Each house seems to take its turn to knock the price back down again. As someone said before they thought this would be a $9 stock by now given the company's developments & where the price of copper is, even with copper's price fluctuations based on the jittery world economies.
I know that we are at 70% production capacity and until we receive and install the new grates things are going to languish, however, we are shipping concentrate and the price seemingly hasn't reflected that yet. Do we need an official grand production start-up celebration!!!! with Chrsty Clark and her gang of bandits before we get some media attention on this historic event??????
Well, I realize everthing is not quite complete yet and we will need time - a quarter or two to iron things out. And while there appears to be decent volume of activity and the stock price has seen some movement in terms of higher lows on the chart, nothing seems to have given the stock any reason to at least reach its old highs ($8.15). And as we see other resource stocks move including copper companies (eg. AVM) I think we are seeing a little impatience among shareholders.
There will be some that will respond that this is a longer term hold. And not to watch the daily moves of the price of the stock, however, there is an opportunity cost involved with any decision including investing, so as we see gains with other similar stocks I hope management gives us some news shortly to give us a reason to hold and not move on.
KG