I will admit sharks, I was one of these speculators. For a company with such strong cashflow and organic bolt on expansion prospects, I felt it was a no brainer.
It's been a great lesson for me in regards to perceived risk. A clear demonstration of the effects on an illiquid stock once that market support is withdrawn.
I am keeping a very close eye on this business.
Its going to be very interesting going forward if cashflow covers total cost.
CM8 Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held