I think the share price post most recent announcement is a reflection of CFU's past history, that is, making announcements during cap-raisings that do not hold water. They shot their market credibility with the Baltic shelf company debacle and now there is skepticism about what they say. Also, perhaps, there is a bit of deflation at the minor nature of the current deal in terms of volumes. Hopefully, they do prove themselves this time, but I must say after having taken up the offer last time and being bit, personally, I wont be investing this time and I suspect a lot of other shareholders are the same.
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