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ricky_banker

2,532 Posts.

148

27/05/18

08:42

Post #: 33323813
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Originally posted by sharks37 ↑

Von Rico, if you go back a couple of years, CM8 was one of those hot stocks and after the initial hyped up SP started to cool down the company was doing a lot of communication and the consistent reaction was it was getting sold down. I suspect management took notice and basically figured they are better off just to stop issuing announcements and let the financials do the talking. The unfortunate share sale by DC last year has put a dampener on the SP since, but if they stay cashflow positive, confirm they are past net debt free and growing, the SP will eventually be forced to respond - I will be looking at accumulation volume on the charts as a signal that market participants see imminent value. This is one I'm happy to be patient with.

Cheers, Sharks

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I am not sure if DC realised when he sold shares last year,

He created fear to the shareholders. In future, I am not saying that he should not sell some of his shares but sell moderately.

Let’s hope the sp will turn around this year or next year.

GLTA. Happy Investing.

CM8 Price at posting: 7.2¢ Sentiment: Buy Disclosure: Held
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