I think you could argue that production is not the only problem. What happened to increasing the reserve at the end of 2008-09 (nothing)...
The market is fed up (for well documented reasons) and not in the mood...
I also think the market may want to see changes in management (regardless of the causes of the disappointments) - of course given the shareholding structure this may be difficult.
I don't like the look of this at all.
(Reminds me all too well of GTM - one i rode all the way into administration when their model was "flawed" as well... I thought dollar cost averaging was the way to go that time - learned an important lesson about "picking" bottoms- "Confucius say man who pick bottom...")
I think you could argue that production is not the only problem....
-
- There are more pages in this discussion • 57 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CTO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.5M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2578260 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7622493 | 17 |
View Market Depth
| Last trade - 16.12pm 13/09/2024 (20 minute delay) ? |
| CTO (ASX) Chart |
Day chart unavailable