LPP08
I think that you've hit the nail on the head.
Although I don't hold anymore I do track CMV to see if I made the right decision all those months ago...
Sims is struggling and if the biggest operator in the world is fighting you for market share then you've got a real fight on your hands.
For all current holders I genuinely hope CMA does claw itself back from the brink but I am not confident that this will end well for long term holders - even if they do find a white knight, think about how much original holders from 2007 and previous (like I was) have been diluted and there is basically now none of the previous per share upside left.
Good luck guys.
(PS I still see the CMA trucks travelling around the upper North Island so at least they can still pay their diesel bills at least).
Cheers
John
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