CGP 6.78% 6.3¢ consegna group limited

Ann: Consegna Investor Newsletter - August , page-6

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  1. asf
    9,888 Posts.
    Good post, aventurine.

    Re IMU, the only reason I can think of for this sell-down, when it represents such a commercial opportunity, is that 100m shares were handed out to SI's via a broker, to purchase Linguet. 100m shares is a lot to get through, but that placement was in 2012, and a lot would be out by now. Probably a few day traders feeling the squeeze, also, having jumped in the other day at higher levels. However, the low market cap ($2.6m @ the current .007) is the thing a few bags are made of. It too, is a new company, with new management, and this new product. There's been about 45m shares through since the last ANN. If people were happy (and there were some big buys) to pay 1.6c, then .007 seems low. Their ANN was very encouraging.
 
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