Sell side getting exhausted, though I imagine it will take a few more days for grumpy holders and insto's that supported the recent raising to be rinsed out. I could not help but add to my position today (but... will wait another 1-2 weeks before adding again). Whilst it may not be the lows, the reality is the company just raised $95m+ their current cash balance means over $100m. So the expansion is funded, and once the chip issue is removed, CBR is hopefully going to be look at some serious growth.
I am a little surprised that the insto's that supported the raising, are not buying around these levels, even just to average down. I do like being able to buy at 25% discount to the recent raising...
CBR Price at posting:
$1.18 Sentiment: Hold Disclosure: Held