Ann: CTM 2015 Half Year Result ASX Release, page-15

Full credit to you Ormond for getting in early - a great story unfolding here. I too have been following CTD not long after listing. While I like the story, I have never bought any myself (but did buy 10,000 for my mother-in-law) thinking that at some point they would become better value. That never materialised, lesson learned!

I think I read in the AFR that Jamie Pherous commented that this is just the beginning, and there are many more lucrative targets, wow! Looks like we will see the virtuous cycle continue to play out - raise capital at higher share price ....make acquisitions on low multiples ... share price re-rating ....raise capital at high prices .... on and on it goes, without the use of debt!