and closer to home, CMR up 14% on > 100k shares, although didn't close at high for day.
Perhaps market is beginning to see things mgt's way. I was pondering on whether the Feb runup was related to rumor that Inco was going to buy CMR. Inco may have looked at a controlling interest for say 25 mil cdn as a cheap way to control BINCO. If so then the spin off plan would have spiked INCO's intent. Probably more delusional thinking on my part, but would explain why price plummeted once spin off announced.
Anyhow, this latest move feels like the real deal (of course the last move felt like the real deal too). As they go into production, more and more folks should sign onto the story. The boys over on Stockhouse have their blood up.
For the record, I'm in the black on 11000 shares (a ways to go on the rest I'm afraid). So thanks to Ted, Paul, et al.
Zimbabwe interesting. Only 2% of world Ni production supposedly (but one mine produces 17 kt and one 7 kt so maybe 3%) and nobody cares. We're swimming in Ni right? I think as a % of world production they are highest in Pt, and that traded down today.
Forewarned, as they say, is forearmed. |
