A very disappointing day , week, month for all CMR holders. We are now exactly $1 cheaper than PDN, a few weeks ago we were the same price. PDN had a placement and it didn't shake the shares for more than a few hours. I feel we are still suffering from the heavily discounted placement at 125 ... a SPP would have been far better, a rights issue would have been better, the placement was a mis-guided move from mgmt which we are all now seeing the effects of. I honestly thought those 2 large byers yesterday at 124 who sat there all week wouldn't get there order filled, today they must be having second thoughts ... tens of thousands of shares just dumped at 121, 120 and even as low as 118. Shares are totally devoid of any significant support at present, still lots of placement shares in the hands. of weak holders ... a bad week on the ASX and we could have a collapse to below $1 on our hands. Keep up the spirits and try not to let CMR put a dampner on the weekend !!
- Forums
- ASX - By Stock
- one of the most undervalued stocks on asx
A very disappointing day , week, month for all CMR holders. We...
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)