CMR - Compass Resources

Motogoon · 7 August 2008

I took a hammering on this one too!

Got rid of mine earlier this week for close to a 50% loss because i couldn't take watching the slide anymore, i know, i know, i should've got rid of them earlier, i've learnt about & started using stop losses now.

I held on for too long hoping for good things, i think they'll dig themselves out of this hole but it might take a while.

stevencolhoun · 14 August 2008

Have lost some money myself on this price this after buying back in may at approx the $3 mark.
Bought some more when they decreased in value to $1.6 convinced they were going to turn it all around.
Call me stupid but now that they are at approx $1 I am going to buy some more-convinced they're undervalued at price and even though its a bit high risk and that the next period of time is crucial. (they need to get production going, cover their debts and build investor confidence)

confident they are a great buy and going to make cash on this

According to huntley they have them valued at approx $3 discounted.

fingers crossed

He who dares wins

mbirbeck · 20 August 2008

Can anyone explain the huge drop in share price today?? This one has really hurt my portfolio, bought in at around $4 and doubled up at $2 and now its 0.69
BUGGER

lioness · 20 August 2008

mbirbeck said:
Can anyone explain the huge drop in share price today?? This one has really hurt my portfolio, bought in at around $4 and doubled up at $2 and now its 0.69
BUGGER

Must be margin calls or a distressed seller.

I bought in today at 66 cents if it makes you feel better.

Surely a bounce from here is on the cards or else we might see it lower.

How much cash do they have?

KangarooGlory · 20 August 2008

Yes, speaking of margin calls, these buggers have now taken me in to buffer territory and not far off a call. (Paid $3.71 & in again at $3.44) Where is this pain going to end.

spanky ham · 20 August 2008

stevencolhoun said:
Have lost some money myself on this price this after buying back in may at approx the $3 mark.
Bought some more when they decreased in value to $1.6 convinced they were going to turn it all around.
Call me stupid but now that they are at approx $1 I am going to buy some more-convinced they're undervalued at price and even though its a bit high risk and that the next period of time is crucial. (they need to get production going, cover their debts and build investor confidence)

confident they are a great buy and going to make cash on this

According to huntley they have them valued at approx $3 discounted.

fingers crossed

He who dares wins

do your self a favour and never listen to that approximate value bull**** again. i dont care who it comes from especially that company.

i still like cmr would buy now but already have lost from buying to high and will hold through this trough. when i bought, that 'company' said it was worth around $6+.(discounted).

get your information from many sources never one or two even three.... goodluck

oldblue · 20 August 2008

CMR may or may not be a great buy at today's price but I won't be touching them until the downtrend in the SP turns around.

lioness · 21 August 2008

stevencolhoun said:
Have lost some money myself on this price this after buying back in may at approx the $3 mark.
Bought some more when they decreased in value to $1.6 convinced they were going to turn it all around.
Call me stupid but now that they are at approx $1 I am going to buy some more-convinced they're undervalued at price and even though its a bit high risk and that the next period of time is crucial. (they need to get production going, cover their debts and build investor confidence)

confident they are a great buy and going to make cash on this

According to huntley they have them valued at approx $3 discounted.

fingers crossed

He who dares wins

Steven,

Are you still convinced you will make money on this one. After you bought at $1 it collapsed again. I am confident this will be worth a few dollars more by years end.

benwex · 21 August 2008

lioness said:
Steven,

Are you still convinced you will make money on this one. After you bought at $1 it collapsed again. I am confident this will be worth a few dollars more by years end.

Why are you confident this will be worth a few dollars more by years end??

I am really intrigued....

lioness · 21 August 2008

benwex said:
Why are you confident this will be worth a few dollars more by years end??

I am really intrigued....

Director just bought 353 dollars worth on market. A great sign of what's ahead.

This was purely a margin loan driven selling session that ended today.

lioness · 27 August 2008

lioness said:
Director just bought 353 dollars worth on market. A great sign of what's ahead.

This was purely a margin loan driven selling session that ended today.

I am starting to think buying into this was a mistake.

The sinking on this never stops.

Maybe it will stop at 40 cents? maybe 20 cents? maybe they are worthless?

Even the director buying isn't helping this. They need positive news and production starting QUICK.

lioness · 31 August 2008

Finally, it looks to have bottomed in the mid 60's.

Oversold indicators everywhere, so it may be the start of up from here.

Gordon Toll the chairman bought more, this is a great sign.

Production to start this week so it may turn up quickly if production brings good news.

prawn_86 · 31 August 2008

lioness said:
Finally, it looks to have bottomed in the mid 60's.

Oversold indicators everywhere, so it may be the start of up from here.

Gordon Toll the chairman bought more, this is a great sign.

Production to start this week so it may turn up quickly if production brings good news.

Why do you think it has bottomed?

What are the oversold indicators?

A bit of TA or FA to back up your comments is required.

Thanks

Prawn

lioness · 31 August 2008

prawn_86 said:
Why do you think it has bottomed?

What are the oversold indicators?

A bit of TA or FA to back up your comments is required.

Thanks

Prawn

Fair enough raw prawn,

Here is a positive interpretation of the daily.

RSI is starting to rise, MACD might have just crossed, also volume has been decreasing possibly indicating reaching an oversold level..

I really don't like the look of the weekly and monthly charts, but this may change once the daily picks up. Also, it is at good support atm from way back in 2000. Some consolidation at this level would be a good sign.

Weekly RSI is in convergence with price. A sign that sentiment is changing...

Cheers.

lioness · 1 September 2008

Nice jump today for CMR, it looks like my previous comments may have been correct. No one on here gives a toss though by the looks of it. Is everyone still licking their wounds from buying in too high??

Anyone with opinions on here??

benwex · 2 September 2008

lioness said:
Nice jump today for CMR, it looks like my previous comments may have been correct. No one on here gives a toss though by the looks of it. Is everyone still licking their wounds from buying in too high??

Anyone with opinions on here??

well done...

But with such a capitulation in the sp the dead csat finally came..

lets see how it hold up in the next few weeks.

benwex

lioness · 10 September 2008

Anyone still in this one?

Looks like it is trying to form a bottom, stochastics, MACD, RSI all turning positive. I reckon this may have a brief rally and production was due to start early Sept. If they happen to be on time for a change it may rally.

Still think this is a good long term hold as directors have been back in there buying up big again.

Motogoon · 11 September 2008

I almost bought back into this yesterday, almost. Glad i didn't, just can't tell where this ones going.

Sold at 1.28 a while ago (bought at 2.79, d'oh) & i wanna make some of that money back!

exgeo · 11 September 2008

Costs per tonne of ore processed are much higher than originally forecast. Cost of building the plant went significantly over-budget. Metals prices much lower than a year or 2 ago. Mates of the directors loaned the company it's most recent capital injection. They have first call over the mine if the loan can't be repaid. Hedge funds were into it and are now forced sellers. These might be some reasons for the share price fall. But it is encouraging to see directors making on-market share purchases (in case anyone accuses me of only telling the bad news!).

lioness · 12 October 2008

Anyone still in this one??

The AUD collapsing will help this.

Looks like it is trying to go up. It was the only stock on Friday to finish in the green, up 0.5%

CMR - Compass Resources

Motogoon

stevencolhoun

mbirbeck

lioness

KangarooGlory

spanky ham

oldblue

lioness

benwex

lioness

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prawn_86

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