OTCPK:CPPMF - Post by User
Comment by
parachuteon Mar 30, 2012 4:35pm
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Post# 19741011
RE: Support Level
RE: Support Level The share price sucks and is ample proof that the market will pounce on perceived company weakness. Fortunately I think most of us believe that Copper Mountain has all sorts of strength going forward and once we get the Quarter 1 report out at the end of April or so, we'll be in a much stronger position. I don't believe the company would do a share issue to pay for expenses at this low share price but would rather draw on a line of credit. The mine is built; they're just paying salaries and diesel costs now. Now, Baja, there's a mine that will need to issue and re-issue shares.