Stock has been far more resilient post downgrade than I thought....

Stock has been far more resilient post downgrade than I thought.

Wouldn’t be surprised if this thing gets taken over by one of the half dozen tyre manufacturers out there or a wheel manufacturer. $200 mil is chicken feed for any one of these companies that manufacture millions of tyres per year.

Ronal for example make millions of wheels - know the company well. This is a great extension to what they currently do.

Remember the market opportunity in the premium segment is 7+ million wheels per year. Right now CBR are doing tens of thousands. This is the Tesla playbook - super premium first then high end luxury.

So Ferrari and Ford have pushed back a couple of vehicle launches by 6 months - you guys have been posting about that for months. If this company was like any of the pump and dumps out there, they wouldn’t have even made an announcement given FY20 guidance was withdrawn.

There’s always competition out there - Afterpay has about 15 lookalikes, Tesla has every OEM trying to do electric. When it comes to investing - always put your money in the best product.

Remember aerospace and other industrial applications which is the long term adjacency.

Key for me is cash burn and dilution. Will I get diluted further before CBR can reach its full potential. Analyst reports suggest they easily have 18-24 months of runway from here. That’s plenty of time for Dingle to kick a few goals.

Win some more OEM work, make the product more visible!