Ann: Placement to Raise $2,100,000, page-57

I suspect lots of losses are being held everywhere in the current market. This is different to last year, where CM8 was at a low in June, similar todays levels, after being above 3-6 cents for much of the year, and peaking at 10c. Lots of big capital losses sitting there, whlie at the same time, the rest of the market was well up for the year. Probably plenty of capital gains that needed a capital loss to claim against.
This year, the whole market is down. Yes, some may be selling CM8 in the next week or so to claim a capital loss for this FY, but I doubt there are the same number who have big captial losses given CM8 was around that 3.5c mark for most of the year. At the same time, massive capital gains elsewhere are less likely given the whole market is down.
I doubt we will see a dip as large this year in the last week of the FY as we did last year. With what we think is just around the corner, I would be very surprised to see this go much lower now.
Of course this is pure speculation. As was CB's 1.8 "prediction".