Be surprised if we have another raising but anythings possible I suppose....Maybe if they had another large purchase in mind....But I don't see a shortage of cash for CMV...last few reports have good profits & she's paying a divvy...& expected to grow.
High burn rate should be negated as acquisitions come online & margins improve with economies of scale & full integration of recent acquisitions....although Meretec plants & recent Mercury plant aren't expected to really shine until 08/09 year.
It all looks positive to me .....todays dump may be related to OP/ANZ & looked like a quick selloff that presented a few bargins to smart buyers. Hopefully they're finished now ?....Wish I was cashed up for it.
I wouldn't knock back a rights issue.....just can't see it happening.
CMV Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
