RE: Come back27 Oct 2017 20:34
Really? CAF tried for years to get a single marginal asset towards production, failed. All the time burning cash raised, with nothing to show for it. Then the asset gets divested, with a dividend share issued, which errr I don’t know the benefit of? PJ comes in and goes out, within a few months.
These guys took over in March, and have had barely 7 months to “form”. No one is saying the placing price was a joy, and all of us who got in pre suspension are seeing painful losses, but I feel they should be judged after 1-2 deals; it’s an LPEQ, so all we have is the calibre of the BOD so far. I reckon this reputation is worth far more than money, in the investing world. They are hardly going to sit and twiddle their thumbs. Personally, I want to give them 12 full months post suspension ie till August 2018, before passing any judgement. Anyways, I get your frustration, I reckon there’s exit points much before that, for those who don’t like the story. Just my two pence. Good luck all