G'day DD. I've had quite a few BBQ chats over the break with people who have been following CM8 from the start and who also talk to others in the investment world. There is great expectation out there, but, the consensus is really what we have been saying for a long while.
They are perceived as being under funded, going right back to day one with the relative "failure" of the CR and having been stuck with very expensive borrowing, in what was a very buyer friendly market, ending up with a very high vendor "liability" (which is still there) and being a relatively new venture, not well understood by the investment world, based in Europe, people are just sitting there waiting for basic fundamental information that supports the initial hype and confidence, before diving in.
They agree with my view that IF the "right" numbers and words come up, it will be a rapid uptake.
So, it's all about whether one believes , or doesn't, as to who buys now, or sells.
CM8 Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
