CDB condor blanco mines limited

patience is required not hysteria!!!, page-7

  1. 1,315 Posts.
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    I hope your comment wasnt in reference to me Yin. I always disclosed that I hold stock. But my senstiment was 'none'. It only changed to 'sell' after the quarterly was released. Which actaully puts credence to what I say as I personally believe CDB is now a sell. ASAP... for the reasons outlined in my posts. Bit primarily once that terrible quarterly came out only a blinkered true believer with blind faith in Glenn Darby and his gahgle of cronies would continue to follow. Or those who have made a long term investment and due to finncial constraints cant take the hit associated with a current sell and would prefer to wait closer to tax time to dump it and offset the tax loss on profits made elsewhere. Only problem with that is if CDB go into administration and have a trading halt while they sort out this disaster. Then they could be worth zero and it may take months to even find out (and there have been plenty of ASX examples where that has occured due to inept management. But people were in denial right up until the fat lady sang loudly). I do hope something can be done here. It really annoys me that shareholder wealth gets destroyed due to poor management. That a potentially great asset gets mismanaged and screwed because a group of people cant achieve anything over a 3month period and now cash is gone with nothing to show for it than idle rhetoric and.more empty future promises. Us shareholders are the ones being screwed yet again. Not the morons who collected a salary and failed to deliver and have put CDB in a seriously tenuous position. Jaingxi didnt dump their stake at a loss for no reason... not good business and doesnt make sense. Obvioualy Proto also had people who truly believed things would turn around. I did that with Kagara many moons ago. Sometimes you just have to accept when a bad investment has been made and acknowledge when its time to sell. CDB may survive and return to its listing price in Feb 2011of 20c. But I stopped playing 2 up and betting on heads or tails a long time ago. Don't get me wrong. I wish anyone who stays on the best. And I truly hope people see value returned from their investment as there is nothing worse than losing money, belief and confidence in supporting small cap companies after feeling like you have been taken for a ride by a sheister. I particularly hope long termers see some return. One poster said something about 7 bagger.. lol. Even if that were to happen... its still an empty bagger for anyone who bought longer than 12 months ago believing they had found a good investment with potential upside.
 
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