OTCPK:CPPMF - Post by User
Comment by
personalon Dec 13, 2021 12:02pm
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Post# 34225294
RE:Managing expectations and losing credibility
RE:Managing expectations and losing credibilityI agree. I too have held CMMC for a long time I think they just dropped the ball by waiting this long.
I know Covid happened in Mach 2020 and put everything in chaos but we waited 19 months for this update. Veyr disappointing.
I should have learned from my past mistakes as the longer these decisions and porject take, the good news is very unlikely.
I know the NPV has gone up to $622 million US which close to $800 million CDN but clearly the market does not like it, no matter what kind of spin management will say. At 200 million shares that is $4.00 CDN per share but the stock price is down 6% on the news.
TD securities came out with a report on the update and called it MIXED results, mainly the NPV has gone up due to the increased in pricing of Copper and Gold.
I should have sold out long before, I should have gone with my gut insticts due to the fact this decision took a lot longer thant it should have as the economics looked very good but CMMC didd not take advantage of the positive market sentiment a while back.
Oh well, live and learn.