OTCPK:CPPMF - Post by User
Comment by
Pat123on Jul 05, 2022 4:57pm
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Post# 34803295
RE:RE:RE:RE:CEO of Copper Mountain should be fired
RE:RE:RE:RE:CEO of Copper Mountain should be fired Ollie.I'm not saying they didn't do to a good move on the $4.00 floor. It was a great move in retrospective and they look like genius for that now. That move is probably saving their jobs because the way Eva was handled over the last few years is pathetic and much more costly than what they will save on the hedging strategy. Let's say the Copper price will be trading at $3 for the rest of the year. We are taking a benefit of $20M (6 mth * 3.3 * $1). That's good but how much have they missed by waiting forever on a decision on Eva.
I've been in this stock for 10 years. Sold a lot but still have some shares. Patiently waiting for the $1 range. Demand for Copper will explode starting 2024-2025 and without new mines, we could see $5-6.