Originally posted by Coppertown048
I would love if C6C made off with a steal. The share price should be soaring in no time as they develop this incredible Australian asset. No trouble getting financing because its such a great asset.
In reality, its a marginal asset. The stock market gives it no value with copper prices at these levels. I chose this company because it is a marginal producer that will pay off big time if copper prices rise, but lose hard if prices flounder. I don't know that much about mining, but I got a lot of faith in copper. Why do you own this stock?
In reality, [roseby is] a marginal asset
But CMMC's assets are FAR MORE MARGINAL.
And they're weighed down with colossal debt over those marginal assets.
That's the point!
It's a cluster of a situation.
No wonder
@buddy134 gets fed up. You refuse to accept the most fundamental of realities. And then tick me off for not conceding on points too obvious to state. Because an efficient discussion focuses on what's realistically in dispute. Not on what isn't. Not on what shouldn't be.