a reasonable current valuation is 86c a share, page-9

IMO its a bit of a timing issue for CMT.
Markets both here and in US had a stellar run at end of CY13, many would say they ran ahead of themselves and the month of Jan has seen a retrace/correction that may have been overdue.
Cott announcement regarding Pandora came out just prior to Xmas...a time when most investors/punters attention is elsewhere. Markets are traditionally asleep at the wheel till early Feb.
Recent market pull back means RISK OFF as $$$ are diverted to defensive positions. Small caps generally don't fare well under these circumstances.
However markets gyrate from RISK OFF to RISK ON in a heartbeat. Patience is required for those with a view to the longer term imo
For those willing to do their research opportunities exist if you are prepared to swim against the tide