marmaduke ... I find your posts more realistic than confronting.
Would be easier to rate this stock if hotcopper had more categories: highly speculative, speculative ... rather than what they do. I call it "long term buy" more that it will take a long time to find out how the company performs. It is in fact a highly speculative buy as I've stated in the past.
I think the stock has good prospects. I also think it can go broke if things (legislation, clients, market generally) don't go in its favour. Hence I have a very very small holding that will mean little overall if I lose it, but if half the projections are met will result in SP 5 to 10 times the current in maybe 3 years. So a balance of risk reward I guess.
Like I said, not one for the life savings by any means. Save that for the blue chips. One for a punt with small funds only if it matches your risk profile. Not advice naturally!
MJS
CCF Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held