CDA 0.13% $15.91 codan limited

Africa is riddled with gold metal detectors selling for a...

  1. DSD
    15,757 Posts.
    Africa is riddled with gold metal detectors selling for a fraction of stuff CDA produces. See below link where METAL detectors start at A$279. Top of range is A$945. I rang dealership but its a huge warehouse they were confused by my questions. They simply take orders and post/deliver. Not sure if they are GOLD detectors but ad says they do.

    http://www.iwarehouse.co.za/hobbies/metal-detectors/garrett?gclid=CPX15Pam3bwCFZShtAodBCkARQ&price=-10000

    Just rang CDA dealership in Cape Town. Unfortunately owner was tied-up with customer and spoke with his wife. She says:
    a) They stock minelab detectors selling for R54-R60,000. Says 'we used to sell a lot until a year ago but sales have died'.
    b) Current best seller is GOLD detector from USA which retails below R10,000 (A$1,000)
    c) Plus i have discovered there are plenty gold detectors including minelab (CDA) stuff selling 2nd hand for a fraction of new price. Phone 0011 27 219765466.

    So in brief: Competition is massive, competitors are cheaper, macro is dead. Avoid imo.
 
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