The company is a good company, and its technology is also internationally leading. However, due to high labor costs and the geographic location in Australia, CBR is facing difficulties in achieving profitability. According to their presentation, CBR needs to secure at least 5 contracts of a similar scale to Land Rover in order to become profitable. However, they currently only have 2 contracts. In my opinion, it will be challenging for them to achieve profitability in the next 3 years. This implies that they will need at least 2 more CR to reach their profitability goal.
CBR Price at posting:
14.5¢ Sentiment: None Disclosure: Held
