RE: strong sell signal Hammerbit (and PG), what exactly do you quantify your Due Diligence as being? Bar charts to me are not a rational DD technique, neither are unfounded rumours...so lets go through the exercise for CSI:
- all development/mining/environmental licenses in hand
- development with progression to mining on track
- funding to development completed and production expected within a year
- JV partners and cooperatives unified and determined to continue as so WITH UNANIMOUS SUPPORT (note they are ALL looking to CSI as the JV partner of choice now...do your DD!)
- vocal support from the minister of mines
- Latest metallurgical recovery results indicating these are not only higher than expected but potentially the best of their class globally for Pt-Pd
- the premier high-grade Au-Pd-Pt deposit of its class globally (grade is king and I wont want to be in with a 1gt Au miner...lets go for quality +10 gt Au orebodies that are not only rare but demand a SP premium, not to mention the Pt-Pd that is recoverable and proven so now)
....I dont see too many red flags here guys. Sure the markets are erratic and very volatile right now but who hasnt taken a beating? The MC of CSI is no reflection of the quality of this ore body and neither of the potential profit earnings of production here. I dont think the institutional guys are sweating too much on this being down, they are trading a very fluid stock to cover other losses and will be back in when this thing shakes out soon. If the commercial guys had issues with CSI it would be out with down-ratings of this stock in their memos, bulletins, letters...its not.
So, what is your DD? Facts only please.
Ive been watching this board for some years now and rarely comment...but ocassionally I feel the urge so hopefully you can answer me with sufficient evidence to at least inform me as an outsider. I understand there will always be critics, a fact of life, but these both in Brasil and elsewhere are in the small minority. If you listen to these rumours of the small minority opposition in Brasil, which are basically the same people that they were since the beginning of CSI, you are totally deluded. Spruiking a fallen mini-despot that is seen as not only a war-criminal but egotistical maniac is not good practice nor DD. Neither is the lost dream that has been repeatedly beaten in the judicial system of Brasil a reason to create such rumours...you werent there and still dont get it.