Hi Ricky, as long as there are no unpleasant surprises waiting in the wings then I have to think that the current SP will in 1-2 years time look like a bargain basement price. Personally my opinion is it will take a minimum of 6-12 months for that value to become obvious (which will stimulate buying demand) primarily because the company is communicating very little other than its 6 monthly reports, which means it will take 1 or 2 of those to show debt still decreasing and sustained growth in its business units.
Yes Dom's share sale last year has proven to be a big pin prick in the share price balloon, damaging market confidence, which takes a long time to recover.
I struggle to explain to myself why the SP is at 7c, but unfortunately I find often in cases like this hindsight shows I simply did not understand or was not aware of all the fundamental issues that more informed players are more aware of than me.
Cheers, Sharks
CM8 Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held