Cromwell, I think that SB33 is agreeing with my previous statement. To be honest, it is unlikely that the share price will drop substantially. From what I understand, the share price only hit $0.001 due to failed exploration projects. Having been heavily involved in exploration myself, I know that it's a hard game. It's a race to find something of value before the company becomes too diluted. This was the issue before.
As the Company is now consolidated, there as less shares on issue which means a less sloppy capital structure which will facilitate quicker SP movement. Once we see a project vended in (hopefully soon), we should see some nice upside. As a trader, I can see potential in this shell.
Good Luck to Holders. Please do your own research.
- JJ
CDB Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held