CGA 0.00% $1.00 contango asset management limited

Ann: Response to ASX Query re Appendix 4C, page-13

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  1. 394 Posts.
    lightbulb Created with Sketch. 33
    Naos has bought 14% of CGA!!!

    Strewth Ruth - that worries me.
    Not because I care about CGA or Naos.
    Indeed, after what CGA did with CTN, I wouldn't micturate on them if they were combusting in front of me.
    However, Naos owns a slab of another stock in which I do have a sizable (for me) holding.

    WTF is Naos doing buying a slab of CGA?
    CGA looks like it is in terminal decline or at least in search of a low base.
    What could Naos possibly see in it?
    Have they taken leave of their senses?
    What game are they playing at?

    Cheers
 
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