CDR is set to be the biggest gainer in the market in 2008.
The US Based fund which saw the price fall from 40 cents in November has now sold out as there year end is 31 Dec and you should now see Hunter Hall continue to buy up to 19.9%.
I am sure once new management hit the decks next week the will begin investor calls with insto's looking for value plays and given the stock is quite tight now should rally to mid 30's and then onto 50 cents by mid year.
I think many brokers are begining to tell clients that this is a high risk punt but probably safer than many of these mining companies.
Remember CDR has re-affirming EBITDA 3 times now at a level higher than its current market cap !
CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
