Copper Mountain Mining Corporation T.CUM

RE:Copper rising after hours, now at $2.63

[Pat123]

Unfortunately, Copper Mountain will not rebound. First, their debt is going up everytime the Can$ is falling. It's now close to $380M. Second, more bad news are coming in 2015. With the grade dropping from .42 to .33, it will put heavy pressure on their production costs. The total cost to go above the copper price in this environment. Lastly, they probably have one of the weakest management team and are extremely poor with investor relations. In March 2014, the CEO mentioned they will produce 80 to 90 million pounds of copper. He even said in the interview that 90 million could be surpassed.  They invested $40M! And last week they shocked investors and analysts with subpar Q4 production numbers. 7 downgrades in one day. The analysts don't have faith in this management team anymore. It will take a while and numerous good quarters to regain credibility.

Don't waste your time in this company. If you believe copper will rebound, invest in other companies like Lundin, Capstone, Hudbay. 

All of them were up sharply today and have rebounded significantly from their year start lows. The only copper stock in the red today is....C.U.M. That's telling a lot on the rebound potential.

Good luck