So CPN put out news today: http://finance.yahoo.com/news/Carpathian-Intersects-482-m-ccn-3616713870.html?x=0&.v=1
There has been volume and upwardly momentum. I still do not think that CPN is get any value for Romania at all. There is a pricing on the stock for the eventual production in BRazil, but the market doesn't seem to think that there is any viability in Romania - likely for geopolitical issues... 'cause the deposit is most definitely there.
At this price in the medium to long term, I think CPN is at a great entry. In the short term, we may be looking at a reversal here but the .56-.57 level needs to be attacked with some conviction. It was challenged today, but there was pressure all kinds there to push it down.
