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CM1 coolgardie minerals limited

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trading at less than half the issue price will be interesting to...

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Springsteen1

94 Posts.

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18/11/18

21:04

Post #: 36550169
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Originally posted by Yilgangie: ↑

Quite the opposite.

I thought it painted a damming picture of the project and total shareholder return.

CM1 spent 9 odd million $ to secure and progress the project.

Raised 4.5 mIllIon $ odd to float the company (market cap at the time of the float 20 mIllIon $)

Project to make 9-11 million $ in revenue (don't mistake this for profit)

Market cap now 10 million $

Where is the shareholder returns for those that either bought in at 20 cents or even now at less than half that??

Cap raising expected soon to prop this one up??

I would expect this mob to start getting a few please explains soon if not already!!

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trading at less than half the issue price will be interesting to see what they try to dilute/raise at as by their own accounts they will run out of cash this quarter... basket case at best

CM1 Price at posting: 9.5¢ Sentiment: Sell Disclosure: Held
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trading at less than half the issue price will be interesting to...

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