Monday Trading ????21 Nov 2008 21:57
Well guys, the Dow has just closed at +494pts, Gold is around the $800 onz mark tonight, and I think a lot of "panic sellers" have off loaded their shares today, and I expect they will wish they hadn't shortly. My gut feeling is that Monday / Tuesday (assuming no major disasters over the week-end), we will need to tighten the seat belt for another move forward, albeit not massive, but I do ask myself "why should we expect a megga change of sp". Now obviously we are a Producer, and I've been priviledged to see a photo of the first Gold Pour, but ask yourselves - are we a bigger company - NO, have we made a lot of money yet - NO, so why should the mm's make the sp a lot higher than it is now ??. Until CMR can confirm they are actually "making money" don't be disappointed if your expectations are not yet met. The share price WILL move forward when CMR can confirm they have made some money, got into bed with a JV partner for 2 of the other mines, or announce increased Gold in them there veins. Yes I want to see the value of my investment here increase as soon as possible, but think logically here guys - are you a day trader, or are you here for the longer journey ???. Here's to a good week next week - have a good week-end everyone.