taken in line with the last few ASX announcements I would say that CDA has become riskier.
This "civil unrest" while a reasonable response, doesn't go deeper to explain that civil unrest is probably also due to weakening economic performance in its african markets.
I was particularly interested in the "intellectual property" announcement a few weeks ago. While a reasonable sounding announcement. It does put suspicion in my mind as to the viability of this companies competitive advantage.
Taken togethor with the back drop of the mining slowdown, especially since the CDA australian ad's have focussed on gold detectors... its easy to see why this got hammered.
I always think it takes three pieces of bad news for a companies momentum to turn around.
I would be interested to see if short interest had peaked in this stock in the last few months.
Hopefully this becomes good value again for all us shareholders who sold out WAY to early last time.
CDA Price at posting:
$1.90 Sentiment: Hold Disclosure: Not Held
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