It is interesting that someone decided set up a wall at 4.8 with a huge amount for sale in terms of CSD's turnover. The question is why?
What does it achieve placing the entire 600k when the price is already struggling. I could understand if the price was moving in the other direction, yet this only adds to downward pressure.
Saying that, it's a great opportunity for long-term investors to make their way into the stock. We have an expected maiden positive cashflow coming up (after production and exploration costs) of $9.48 million annualised and significant more improvements yet to come.
Anyway, I guess I once complained that a seller kept dumping small amounts and they should just show their hand... I just wish I had a spare $28 grand or so. Now that will take me some time to buy, but I'll be doing it as soon as I have some spare cash.
All good and I'm looking forward in seeing the next quarterly...
Toot!
What can you say about people that are obsessed in painting pictures all black? (Especially about shares they do not own???) lol
CSD Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
