OK guys.
Here is my best attempt on the podcast transcripting.
It is not 100% verbatim and the best I can do.
Your money Your call Thursday - 03 April 2014
Host + 2 expert panel - Michael Gadari ( i think I got this name wrong) and Les xxxx ( again, I did not get his surname)
2 callers -
Caller 1 from Tarneit wants to invest more in phosphate play - Rum Jungle(I think) and was advised against it.
Caller 2 Zoron from Murumbeena wants to find out about CDB.
Host says "Hello Zoron... So is that on CDB, is it?"
Caller 2-Zoron : Condor Blanco, that is correct"
Host: "Okay, Condor Blanco, let's go to Les and get the chart up on CDB"
Les : I know a bit about CDB. I know quite a bit about CDB.
I can't see a chart but I don't need a chart.
Host: polite laughter
Les: Look, CDB is a really interesting story. Currently trades at well under a cent. And they just got a 10mil euro funding bond which they are monetising as we speak which is A$15mil. Ahmm, which is ??? picking up some very lucrative coaking porjects in South Africa. On top that, they've got an iron ore tailings project called Marianas in Chile which is waiting to get... ahmm.. to go into production and these funds are going to enable them to do that and they also got a very promising Carachapampa (les pronounced wrongly, i think)site which is a gold. copper and silver play. Now the interesting ??? is that they are very diversed, they've got
interesting projects and the share price is pathetically low. and I think... quite honestly , I think it can be potentially the buy of the year, potentially. Because they got great projects, they got funding for lots more than the company is actually worth, So obviously, the people funding them must have seen something that the punters don;t see becos they are not in Australia. If their projects in Australia, the share price would be alot higher so, my... my call on CDB is... would you rather buy it under a cent or when it is 10, 15, 20, 50cts. I think it is a great buy, and it is a great story. And if you want to know more about, don't want to take my word for it... go to their website. And have a look and see. Do your own due diligence. But I tell you, I really think it is a good buy.
Host : So what is the current share price Les?
Les: I think it is about o.oo6, o.oo7 of a cent.
Host: ????.... Excellent. Michael?
Michael: It is too small for me to invest into it....
Les: You could become a mojor investor into it.
Michael: Yeah, I could. I take over the entire company... polite laughter
More polite laughter in the background.
Michael : But you know ahmm... Les, he's got more information on me, ahmm... it is not a stock I'll be looking and I can't give insightful comments about it becos the MC is way too small.
Host : Ok. no problems. Alrightie. It's time for a short break. We'll be back with more of your Qs in just a moment.
Cue Music.
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