IMO the saving grace for this train-wreck might be Deakin. Don't underestimate the power and influence a university has at their disposal. Deakin's connection and deep ties to Geelong no doubt contributed to the success of the IPO and will also contribute to preserving a company in which they are more than financially connected.
Vic Gov support and desire to preserve jobs and a manufacturing hub in Geelong is another plus for cbr IMO.
If they can weather the storm I believe/hope they survive for the sake of the employees and non insto holders like myself haha
I only see a downward trajectory in the short-term...
CBR Price at posting:
$1.55 Sentiment: None Disclosure: Held
