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CWE carnegie wave energy limited

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4.2¢

Reality Check, page-4

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Chimpbpoy

351 Posts.

48

27/06/16

12:18

Post #: 18131207
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Originally posted by jonatb ↑

Is anyone else woundering what the heck is going on with this company and SP.

Wishing I completely had checked out 12 months ago when I reduced my holdings by 50% after the Ceto 5 story.

I recon they are lucky to be hanging in there still at a 50M mc unless they can show us some progress and not at a snail pace. At a guess they are racking up 1.5-2 million a year in wages and for what. Sweet f all. I sure expected more from these guys.

Sorry for the rant everyone.

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Ranting is understandable. I'm always surprised at the apparent lack of concern regarding the SP.

They are heading into 5-year-low territory now, and it isn't due to Brexit or the price of oil. Don't let them off with that furphy.

CWE Price at posting: 3.0¢ Sentiment: None Disclosure: Held
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