re: merger with oceana gold plushtek
I think it is an excellent move. I had sold out of CMX but am seriously cosidering a re-entry.
The combined companies now have solid production =cash flow & Superberb growth opotunities = CMX's Phillipine porfolio.
The cash flow will not only speed-up exploration on all the stella targets on CMX's ground but will also give CMX the negotiating clout to finnace the development of Dinkidi.
CMX is no longer at the mercy of the bankers and any hedging it has to undertake to finnace Dinkidi will be spread over both future Dinkidi production and existing OMG production.
So 3 cheers for building a fantastic company....I'm going back in.
CMX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
