Regardless of the outcome down the track for CDB. Today certainly demonstrated a few things:
1. The power of Hot Copper in the new trading world.
2. The need for management to release announcements and stick to timeframes. Or be available to answer questions if the share price is falling like the Wiley Coyote strapped to a rock.
3. How sad it is when people lose a lot of money (on no announcement) and the ASX takes time to question or suspend from trade. They certainly query much quicker when the SP of a company is going upwards.
4. The need for companies to be prudent in their dealings whether they are a penny dreadful or not.
5. How severely risky investing in the spec end of town has now become. Almost better playing blackjack, two-up or roulette at the casino. At least you the house is out to screw you when you gamble on the weekends.
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