Thanks again for your contribution. You talked about taking a position being "very very high risk". Can you elaborate on that?
According to my calculations HHL have 20 million shares remaining. It's not such a big overhang now especially at these low prices, only around $400,000 worth.
I think the key is CBD proceeding with the merger and delivering on the forecast return to profitability next year. If this is achieved I suspect there will be a significant rerating of the share price.
In the meantime, hopefully the selling pressure has subsided and we see at the very least a stable share price.
Dreamcatcher
CBD Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
