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Agree they need to do a share buy back even if it’s a small one,...

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259 Posts.

65

04/05/22

14:46

Post #: 61201146
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Originally posted by Miles1963: ↑

I totally agree with you Flexi. Old investors like myself have put enough into CI1 and are cautious to put more. I have averaged down to where I felt comfortable but see no need to average down further as the SP now needs to increase.
Yes, management need to do buy back to get the SP moving. Maybe, instead of further expansion the agenda should be Share buy back. With the share buy back the SP would recover and move forward further where if a CR was required for expansion it would be so at a much better SP.
Those on here who were rubbishing the company for their own gains surely must have know that killing sentiment would make it hard to resuscitate the SP.
Those who were hoping to discredit JW and get rid of him need to accept that that will not happen and in the end their efforts were fruitless.
These are just my opinions. Not financial advice.

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Agree they need to do a share buy back even if it’s a small one, just to give some confidence back, and to provide confirmation that the current low price is ridiculous from where they stand and that there is incredible value at these prices. Otherwise they will need to wait to show performance for any kind of recovery.

CI1 Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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