Bit of sense there Paul100. This company has been going for 174 days!!!! It is not year 2000. This market wants to see SUSTAINED RESULTS before it is taken seriously by the serious money. Those speculators that took tech and mining stocks up on a lot of hyped up crap as happened in the naughties are no longer there. We might see a couple of hundred punters getting hyped up with some "brokers' GUESSES" and jump in hoping for an immediate 4 and 5 bagger and when it doesn't happen they jump off, at any price, to look for the next one (as we HAVE already seen and still seeing with CM8) .
CM8 is NOT a ST, DT's, speccy, and the sooner everyone understands and accepts that, we will see this continuous countervailing "discussion" which has absolutely no hope of being resolved UNTIL those sustained results are in black and white in an audited report.
This is "opportunity" time for those that believe all of those numbers and believe that they will not only be sustained but improved upon.
Until then, the naysayers have every right to doubt them. That's what "markets" are all about. SOMEONE will be proven right eventually and at these prices, if the faithful are right, they are in for a picnic. Roll on October+, with possible nice little spikes in the meantime to keep feeding the punters, especially with a significant re-financing deal.
CM8 Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
