CIO 0.00% 1.8¢ connected io limited

Slippery slope

  1. 142 Posts.
    lightbulb Created with Sketch. 2
    This is a very slippery slope from here, decidedly icey in fact.

    Thankfully I sold out 12 months ago and took my 20+ k loss @ 2.5c
    At the time I made a few posts stating my reasons for selling and lack of confidence in the company moving forward thinking that others may benefit from following up for themselves. As with anyone that posts anything less than all rosy here I was criticised for stating my beliefs, which by the way were based on research and experience not wishful thinking.
    All but one that was critical of my posts seem to have disappeared in this time, I can only assume no longer such great believers.

    It appears a lot of those that continue to hold stock have an awful lot of confidence or hope pinned on this gold tenement. Even if this comes to fruition this is a tech company and a small gold asset is not going to change the companies fundamentals or viability. A short term cash injection to stave off another capital raising for a few months, that is assuming the line of credit put in place early last year has been repaid. Three million I think from memory so perhaps the sale of the tenement could pay this if not already done. Then where is the company?

    As always best of luck and I hope history proves me wrong.
 
watchlist Created with Sketch. Add CIO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.