The sort of dump can only be done by impatient institutions. Im totally not worried. In fact, Im pretty happy to pick up some cheap shares. I made a couple of posts about the risks about 2 months ago but I wonder if anybody was listening.
CSS have long crossed the biggest challenge there is - that is, spawning the SBT. If people have no patience Id say let them go.
Fact is, CSS knows how to spawn the fish, CSS knows how to raise medium size wild caught fish into saleable size fish. Now the challenge is to how to raise mini size artificially spawn fish into medium size fish. Once thats done, its considered done.
I support the new strategy of giving away kingfish and focus on SBT. I think its the new strategy which the new chairman wanted to do long time ago(in my opinion its part of the condition for taking up the chairman job). I reckon its great. At least for now CSS can pay its full attention to the big bucks.
They already have the expertise to raise the fish but in my opinion they havent got rnough experience yet. Id say lets give them a few more gos and let them get the hang of it. I mean, for those of you whose bought in at 0.25, how much more can you lose now? Why not give them some patience and you might very well be surprised.
Look at the balance sheet now. If the company sold up today we all get 23 cents each share(I take out the intangibles in my calculation), yet you can buy it for 9. I jumped at it on Friday afternoon.
In less than 5 years time CSS will have the technology and experience to pull it off, produce the SBT and sell them to Japan and China. Everytime I think of CSS I think of the Sultan of Brunei. Once upon a time he was the richest man on earth, and he did it by selling gas to Japan.
Somebody said here that CSS probably wouldn't do another capital raise because nobody have faith in them now. Mate I totally agree with you on that. The new chairman who's managed a company like Santos before probably wouldn't allow something as foolish as that to go through so I reckon on that aspect we're prertty safe.
I seriously reckon Hagen Stehr and his family will get their turn, and little shareholders like you and I would at least get some breadcrumbs.
Anyone with 500K shares in CSS will have trouble spending all that money in 10 years time I reckon.
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