CDA 0.13% $15.91 codan limited

govr, agree that the metal detection lines are only used by...

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    govr, agree that the metal detection lines are only used by consumers and very small scale propectors, which you would think would be unaffected by the gold price. The other lines are for mining in general, not just gold mining. A downturn in mining project approvals will affect CDA, but that has been happening for the last 6 months, not jsut the last 2 days. I think the fall is a combination of the general mining services sell-off based on broad-based commodity price drops, plus perceived affect on sales of the gold price in particular. Hopefully all misguided. Still seems a bargain, but probably won't see that value realised until guidance is reconfirmed.
 
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