at 1.50 it's a steal!

CDA's SP's been smashed because the admirably conscientious CEO came out and said the second half (even though an all-time 2H record) will be down a bit on on the first, probably due to some civil unrest in certain unnamed African states where CDA does business. He suggests this is probably a temporary issue, for several reasons.
Investors are bailing out partly due to this and partly because the gold price has declined sharply.
What some people may perhaps be forgetting is that this is not MINERS we'e talking here, it's PROSPECTORS going round with a top shelf CDA metal detector that looks like a vacuum cleaner,hoping for beep beep beep a nugget!
To them it matters MUCH LESS that the gold price is $1200 instead of $1550 - it'll still buy a lot in Ghana or wherever.
The gold price should base somewhere between here and $1000, most suggest.
CDA will get a nice boost from the 12% drop in the AUD.
CDA also do mine detection and high tec military-type communications.
Skaffold reckons CDA is worth somewhere between 4 and 5 dollars. Even if it's HALF THAT, it's still 30% upside from here. Like I said, a steal.











ska