Mr. Market's not very impressedWell, we have now had a 4:1 rollback....and not surprisingly, the share price is slowly degrading back to the pre-consolodation level. Looking at the big picture - over the last 5 years the pice of copper is up 45% and SDCU (or PMR depending how long you have been in this disaster) is down about 70%. So, all in all, not a great performer and it's hard to blame the price of Copper. Looking at the price history one would intuit that most longs (if there are any left) are into this with a B/E well over 50 cents post consolidation......the way it's behaving it looks like we will see 10 cents or below, long before we see anything over the 50 cent range so even getting your investment back is probably a long shot.
My guess is if this gets anywhere over 20 cents we will see massive dumping as the long suffering Longs dump it, take their losses, lick their wounds, and go on to companies with better management and potential.
Sad
GLTA
Rusty