good news or bad news, page-15

Thanks for your comments Test. All interesting points.

I agree with you. This is a very risky stock. However, a few contras:

1. Retaining fishing licences/boats would be a wise hedge just in case they cannot make this enterprise work. Common sense really. A mountain out of a mole hill me thinks. Plus, tuna licences a very hard to come by - you don't just toss them away when you have one.

2. You say you have 'no faith' in the stock. Fair enough, each to their own. Obviously your interpretation of the 'facts' spells trouble.

But faith is exactly what is keeping a lot of us long on this one. I mean, what have we got so far? Great preliminary results yes, but this thing is in its infancy.

Look, I can turn around and say I have 'no faith' in BHP, that the Olympic Dam expansion is too costly and ambitious - I bet I could come up with a heap of good fundamental reasons why it would fail too. B

But faith, my friend (along with great preliminary results) is why we are here.

3. We holders are really happy that you have found it in the goodness of your heart to let us know how bad this stock is. You have declared that you hold no position, but have you ever held this stock? Why do you have an interest in CSS, negative or otherwise?

My guess is you have been burnt by this stock or Stehr, or know someone who has.

Disclaimer: Stock held.