Ann: Investment Update and NTA December 2022, page-12

• I own CDM shares and I am well aware they post their NTA every Monday. Indeed, I bought in because of the gap between the NTA (much in cash) and sale price and a generous dividend. Sounded like a winner, but I, like many others, have found the promise is not matched by reality. I am hopeful that anouncing a 4 cent fully franked dividend will bring in other buyers to push CDM up and reduce my losses. I can't really see CDM can go much lower at this stage but I have been wrong before. RUBS1973, you are right they may be a buy at this stage but I do not trust the management: too cagey is not great. They do manage to report on their success in beating the market and making their own bonuses. Just not shown in my CDM returns.