Just shows you buy a 6 cents quality stock and hold it you do well over time.
I hope you all still have yer climax as she hasn't finished blowing yet.
re: own up! who has climaxed? -chartists? Stock Code CMX - CLIMAX MINING LIMITED Posted 20/02/05 13:15 - 68 reads Posted by VascoBlack IP 208.153.xxx.xxx Post #517912 - in reply to msg. #517905 - splitview
I have been plan to post something of detail for some time... The reaaon it has been so low was the Philipines ming law debacle which effected LAF, Indophil, Russinia, CMX and couple of others. Those hurdle were cleared late last year by a revision of the law which now allows for 100% foreign ownership.
Now it is just a matter of waiting CMX is already in the early stages of a re-valuation with the slow rise after the last big spike.
Good buying at these levels... I have a 1st target of around 0.25 cents (within 1-2 months) followed by a 0.36 and 0.50 targets later on down the track.
We should be getting results of the Definitive Feasability Study within the next two weeks, and I expect it to be positive.... Will write more a little later to expalin my target figures.
CMX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
