CMR - Compass Resources

[GreatPig]

CMR taking off in a parabolic, closing today at its all-time high from back in September 2005.

Interesting to see if can maintain the momentum, or it will stall now and fall back.

Bought back in late December for $1.34, so am currently sitting on about a 33% gain

Cheers,
GP

 

[Chief Wigam]

Good one Piggy. I got in July @ 1.14 and have had a hold strategy since. Yes does look like it might be the start of a parabolic. At what point does something that starts off as looking like a parabolic, become a confirmed parabolic?

 

[GreatPig]

At what point does something that starts off as looking like a parabolic, become a confirmed parabolic?

Umm... when you think it really looks like one?

To me, if it goes up at an ever-increasing rate so that you can't draw a straight line under it, then it's a parabolic - although why parabolic rather than say hyperbolic or exponential I don't know. Probably depends a bit on whether you're using linear or log display too I guess.

I expect parabolics to be fairly short-lived, with an exit signalled as soon as prices move to the right of the curve (for a short-term parabolic trade).

Cheers,
GP

 

[GreatPig]

Still looking good, and now into blue sky territory.

Currently sitting on about a 42% gain since I bought on 22nd Dec, so let's hope it can keep going!

Cheers,
GP

 

[Rafa]

only recently come accross this stock...
so i may be rather late....

but CMR is flying now...

Do you guys still hold???
What are some of the holders opinions about this company...???
Where do you see the potential SP down the track... especially now with the JV...

 

[powerkoala]

sold to early at 2.80
nw become crazy for what happen :swear:

 

[3 veiws of a secret]

Actually CMR has been upgraded by Westpac/Huntley's ,only this afternoon .....might be more profits inline with this one. Just my 2 cents worth.

 

[Rafa]

thems the breaks powerkoala...

dunno if i should wait for the consolidation phase, or just jump in...

 

[Chief Wigam]

Rafa, there you go. We are now in a consolidation phase.

 

[ALFguy]

Like everthing else, this was pulled down by all the hooha in May and became a good buy!

Moving up nicely now but seems a little 'quick'.

Think this has real potential over the next few weeks assuming the market plays nicely

Appreciate any thoughts?

 

[Rafa]

i am such an IDIOT!!!

Completely missed that it fell to 2.50!!!

 

[ALFguy]

i am such an IDIOT!!!

Completely missed that it fell to 2.50!!!

I'll join you Rafa, I missed it too

....but have bought in today so I'm hoping for a bit of support witha view to pushing $4 in the near future.

From Miningnews.net >
Merrill Lynch notified the market that its stake in the company had ballooned from 6% to nearly 14%. The so-called nature of the change was "stock collateral", with Merrill now having the "power to control disposal of shares pursuant to stock borrowing and lending activities".

Compass' raison d'etre is the advanced copper-cobalt-nickel Rum Jungle project in the Northern Territory that is set to come into production early next year. Yesterday Compass said it had picked up an additional 10% in the project.

The company's shares passed $4.01 early in May, before dropping to $2.59 over the following four weeks.

 

[Chief Wigam]

Rafa and ALF, a nice right angle triangle has formed and executed nicely breaking resistance today. Don't miss this one!

 

[Rafa]

Is it too late...?

 

[Chief Wigam]

my price targets are 4.20 based on daily and on weekly 4.59

 

[scsl]

I'm interested in having a closer look at CMR. Only just heard about it and am trying to find as much as I can on it. I'd really appreciate what you guys think about it and whether any of you have changed your minds about it - seeing as it's now at all time highs.

Thanks,
scsl

 

[Chief Wigam]

SC,

It's being promoted to the ASX300 on 15th Sept, so should see Index funds buying.

Huntley's has the share price valuation in the high $5 range and have been upgrading it steadily.

 

[mmmmining]

CMR issued a presentation today. It targets 100mLB uranium globally through drilling and takeover. It claims to be the next Australian uranium mine.

I believe it. It is all part of their plan to use existing Oxide project plant to process uranium.

 

[Chief Wigam]

Yes and Broker's tour of North America and Europe starts today

 

[mmmmining]

CMR becomes an ASX200 company. What a run!