I still think this is undervalued, and they have learned their lessons and have a much better risk management approach to reduce the likelihood of another debacle.
However, I think a lot of the upside is still tied up in SOAC (The Metals Group), and while SOAC trades at face value for now, I have no idea what will actually happen when the transaction completes.
In summary, I think there is still value on the table, their investment approach is good if you're seeking a growth type of active fund - but I just see some better opportunities at the moment I'm rotating my cash into.
I'll keep on eye on CDM though for opportunities to rotate back into.
Good luck to remaining holders.
CDM Price at posting:
$1.27 Sentiment: Hold Disclosure: Held
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