Markets move in mysterious ways at times. Gold development...

Markets move in mysterious ways at times. Gold development companies are out of favour in the current positive global growth, US tax cuts/ rate rising environment. The hot money is flowing to more volatile and speculative parts of the market (i.e Exploration), people are getting used to the 50-150% daily gains delivered by positive drill results/discoveries.

Having said that, CMM is a special case, in that it has been sold down relentlessly from around April. Once RRL sold out it's been down, down down. Again probably a warning sign when two of your largest shareholders sell out within 7 months leading into a big report? Sometimes you have to follow the money.

Also, you have to be wary in my experience when so many brokers are so positive and yet the SP does not respond. The market is what you want to listen to in these situations. At current pricing, CMM is a contrarian play, if you have the patience to wait. It's certainly cheap on an EV/reserve basis. Cash in the bank is low, so for me, it's a wait and see.