CDR codrus minerals limited
Add to My Watchlist 5.41% ! 3.5¢

G'Day FolksThe article in today's Fin Review states that...

  1. Tails62
    89 Posts.
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    22/10/07
    15:18
    Post #: 2920114
    G'Day Folks

    The article in today's Fin Review states that Commander can no longer fund their debt from organic results.

    In plain simple english that means that Commander are technically insolvent. The only reason they are currently trading is because they are being propped up by their bankers.

    Commander may indeed be a good bet if someone comes along to buy them out, but in the meantime, they remain a very, very high risk investment.

    Despite some recent posts to contrary, you would have to think that there is not a sufficent risk/reward with Commander shares at present.

    Regards

    Tails
    CDR Price at posting: 0.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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3.5¢ 		Change
-0.002(5.41%) 		Mkt cap ! $7.235M
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