The fact is CMV is actually a decent business with the assets and ability to generate good cash-flow as long as management can keep its nose clean, unlike the previous captains of the ship. The last half cash flow was going the right way and they need that to continue.
Next key steps for the stock, get the Aussie banking syndicate signed and sealed, get their heads down and make some cash (not a complex business, buy scrap, sell scrap, keep inventory as low as possible and turnover as high as possible to avoid unfavourable price movements in scrap market) and lets see where we are in 6 months
Im long, long the raising in 2009, long this one......if they cant keep their noses clean then they will go pop, no doubt about it, if they can and just concentrate on core business then 1c should look like a bargain in 6-12mths time
CMV Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
