Let’s see what happens4 Jan 2018 12:15
This board used to have some really insightful conversations and analysis from some good contributors. Now it’s over run by at best odd characters that spout rubbish as facts and say they are in the know when they are clearly not. Let’s see what happens when the share buy back happens and where the SP ends up. The directors can buy at 1.5p and will want to be selling at multiples off that in the longer term to make some real money. They have mentioned expansion of the technical work force which wouldn’t be happening unless they are doing something valuable. So let’s see what shakes up in the coming weeks and months based on facts rather than stupid comments from people that know Chinese or African friends (not connected to CNEL). One major project can boost revenues massively on a company this size on top of current orders to forfil that are in plan already. No board would be using cash profits to buy back shares unless they are very confident about the future as they’d be putting their income at risk. Most of the shares are privately owned by a few key people who are really in the know and have far more facts than PIs and they are looking to make a profit on their investment. I’m happy to wait for a big return on my money longer term rather than day trading for peanuts. Penny shares are Boom or Bust that’s the game, otherwise go safe. Bitcoin is a classic example of greed chasing greed, someone will get very burned one day as it’s buy pure speculation without any value, we have orders, rising profits, expansion and lots of potential new deals in the offing. Just have to wait and see!
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