Vernon is right.... Need money in hand. Otherwise CDB is no different to when it was sitting at .005 to .006. Nothing has changed for this time last week. Besides a bit of added interest due to a very brief commentary on Sky.
That being said.... *CDB could have been significantly undervalued and this is just a rerate... Or *CDB could have been priced appropriately based on a lot of "deals" but no delivery.... Or *CDB could be a in a transition phase and may actually deliver on something (albeit late) and the share price could sky rocket.... Or *People have lacked confidence in Glenn Darby for a while now. Hopefully he follows through and the company rises. As the new investors/traders would have only seen a price spike and jumped on board based on a brief commentary or podcast without knowing the full and colourful history.
The company got a little kick along from extrenal factors this week. But that will only be short lived if they dont deliver something... anything over the next fortnight. Should they deliver then the SP will increase big time.
CDB Price at posting:
1.0¢ Sentiment: None Disclosure: Held