"I am no expert" - you say of yourself McCrae.
worst June on Aussie stock market for ages - US/world markets ditto - ALL stocks have suffered (look at MAK for one - the "darling", top stock of the ASX for many months this year, perhaps with good reason), yet you are now seeming to infer that this particular stock - CVI - is, in your opinion, not much chop, except perhaps for trading purposes.
And infer that Management perhaps are not much chop either, in that their forward estimates and the Price Waterhouse report are, perhaps, so much hot air??
I respect your right to an opinion of course. But you are constant in your numerous repetitions, which gets a bit wearing for those of us with an alternate viewpoint of belief and patience.
May I respectfully suggest that you telephone CVI and have a good long chat with the company secretary, Paul Williams, who is always avaiable (well, he has been when I call) and raise with them some of the issues you mention? See what they have to say. Evaluate the situation. And get back to us with your views.
Too many people guessing randomly and reading between too many lines at arms length is muddying this forum in my humble opinion. When in doubt, go to the top is my motto.
At least show the company the respect of actually talking with them and raising issues which may be of concern.
It is any shareholder's absolute entitlement to speak to the comany direct with regard to any doubts.
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