Wasnt that long ago we had a partial (75%) takeover at 83c by the chinese company HNC which also recently announced its intention to equitise its C-notes in cousin CMR at 42c (egm Jan 29 to approve).
I have since personally re-instated the 83c sales at around cash backing sub 20c and opportunistically looking for more.
With Dec Q now ending, report due in Jan hopefully will give us greater insights as to mid term strategies and planning here.
Sure metal prices have fallen significantly since as the PRC takes advantage of the survival games being played atm by the USFED but how long do we expect that to last given mines are shutting down across the globe ?
Seems to me the events at CMR are not unrelated to the AII story and I still believe there will be some corporates to come which will be beneficial to both sets of shareholders.
What we need meantime is for the CRBX to bottom and start showing what its is likely to do next as monetary inflation accelerates and with the realisation that commodity prices have only one way to go in the longer term ....up to new primary wave highs.
Hence meanwhile I will continue to accumulate on opportunity for SMSF core in first instance to be followed by traders once the techno reversals confirm.
Patience for now I guess.
IMBOOC
AII Price at posting:
17.5¢ Sentiment: LT Buy Disclosure: Held
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