the market is currently crazy, it's being driven by fear & not fundamentals. Fear being in my humble opinion caused by hedge funds & institutional investors shorting the stock & commodities across the board. Look at the fundamentals for CEY as follows from Commsec Research:
FORECAST EARNINGS Last Analyst Update 12 August, 2008 EPS(c), PE, Growth Year Ending 30-06-08 18.5, 23.8, 182.9% Year Ending 30-06-09 62.5, 7.0, 237.8%
If you're in it for the short term yes, it is concerning. But if you're holding out for long term as I am then you won't be concerned with the current purposely induced hysteria.
--- this is my own opinion, seek professional advice and/or do your own research before making your big decision on this stock.
CEY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
