The letter to shareholders sounds like the best spin they can put on rebutting a superior offer from SBM. The current merger with CQT is inferior because; (1) it has sent the CAH sp down, (2) it has merged CAH with another company with a woefull average 2 years EPS that could cause sp stagnation below $1 as short term shareholders realise that all profits from mining go to paying off loans and machinery upgrades and no dividends for years. (3) it means a drop in sp from a need for more capital raising dillution. In gold mining if you are not moving forward at a certain rate you are going backwards. Like being in a car on a 110 km freeway being passed by another car.
CAH Price at posting:
$1.32 Sentiment: Hold Disclosure: Held
