Hi Speculator101 Thanks for insight into your thoughts. Yes, surprised at $1 60 being set as capital raise price, a significant discount to the $2 31 Market price at time. Noting that the capital raised is equivalent to an additional 40% of shares currently on issue, therefore my maths equated to around the $2 mark. Oh well. Whilst the lower $1 60 cap raise price has devalued/diluted existing sheholders, I see this as temporary. Any shareholder whom is long term, will see this and any that were speculating, yes have been caught on the drop. Like always, all stocks have the occasional drop from time to time, but if viewed in perspective to the lifecycle stage of the company, (like you mentioned) and the type of product offering, with strong revenue growth (last Qtr revenue up 68%,) and sound , capable mgt team, exploiting a $1.60 per share cap raise , assists with bringing down your average price. I've done this numerous times with CBR, .85c on asx crash last year, $1.28 there after etc. So plenty of opportunities for all to take advantage of then, now and into future.We also note, labour cost per wheel declined last qtr by 20 odd %, and expected payback period on new mega line only 2 years.
Maybe the strategy was to guarantee raising all $95m, by the lower cap raise price? I still believe long term holders will be rewarded, noting too the high barriers to entry, significant growth brought about by the globalisation movement towards lower carbon emissions, which any automotive manufacturer cant wait to get electric vehicles out to market, I'm like you are only happy CBR can assist them.The jou
CBR Price at posting:
$1.73 Sentiment: Buy Disclosure: Held
