Sadly for one of the board members..... we all probably know what needs to be done to enable a disassociation and create market confidence. Once the removal of the perceive prw and galaxy linkage occurs then sp momentum will be more likely to occur. Unfortunately mud sticks. Especially when money is involved. I remember as a kid being told... if you hang around (whoever) you will be tarred with the same brush - good or bad. Unfortunately for us holders that has probably occurred with cdb. With micro cap speccies the belief that the market has in management actually delivering, or being quality is just as important as the resource, product or asset. Luckily a board has a few members on it. If it were just one then we may even be sitting closer to the brother-in-law's company price. We do have great projects. Awesome potential. And our market cap is around 2 mil... which is less than a beach house in an outer lying sydney suburb. Hopefully we have future announcements that lack ambiguity in terminology and are direct/easy to interpret. Hopefully future announcements also clarify difinitive dates that things will be achieved withput delay. And I genuinely hope our board is reshuffled and market confidence returns. People will not put their money into a small cap if they feel the risk is too high (beyond speculating) due to the perceived and well documented relationships of a board member with other company execs who have overseen the systematic demise of shareholder value in other asx listed companies. Why would you take that extra risk when there are other potential small caps that don't have the management risk?? Aside from why I think sp has stagnated.... current projects and possible fundamentals seem exciting and value adding. We should have double by now. If the 10 mil euro debt facility comes through then our current market cap should only be seen from the rearview mirror as we drive off into the sunset. Cheers Mitz
CDB Price at posting:
0.7¢ Sentiment: None Disclosure: Held
