Think sell-off should be mostly done, on 4 things: (1) Price back to pre-Covid/Bubble levels; (2) Price below 3cents rights issue...no incentive to sell; (3) US growth stocks rebounding; and (4) High probability of good news on progress and hopefully reduction in cash outflows....only question is whether Coops will raise money at this price (which could lead to alot of dilution)...or able to get much better price from purported interested US investors (say 5-6 cents)....looking to buy between 25-30 cents.
CDX Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
