Key issue now is obviously the bridging finance to manage NWC, so that the business can remain a viable ongoing concern. If CBR obtain this I would expect the situation to be a lot rosier and a swift reversal in the share price from these lows. If this isn't obtained its further dilution and that $1.41 scenaro changes.
Either way I cannot see voluntary administration being a likely concern, nothwithstanding the fact that current NTA per share is 0.38 now.
This may be a trading 'plaything' for a few weeks - so I will continue to purchase at the lows to get the weighted average down further.
CBR Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
