LPP08I think that you've hit the nail on the head.Although I...

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