Agree, seems to keep drifting lower, indicating we have a seller that is currently controlling the tempo. The underperformance since late august looks like it far outweighs the possible currency valuation effects. It will be interesting to see what their sell limit price is, with the main trouble being that with the low liquidity it might take a while to clear them out. At least we can be fairly sure it's not CGF or DB selling, they would need to commence something corporate if they want to cash out.
This is the sort of "sleeper" stock that could track sideways or drift lower for a long time, and then bounce 60% in 2 days. All it needs is a catalyst to get it moving. In the meantime, I'm happy to slowly build a stake and keep an eye out for potential catalysts.
CIF Price at posting:
$1.13 Sentiment: LT Buy Disclosure: Held
