GREY:CRMXF - Post by User
Comment by
NigelDavieson Aug 30, 2009 5:05pm
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Post# 16262572
RE: RE: RE: BID!
RE: RE: RE: BID!Somewhat sadly I think the future of CMA lies in JV's. No one could have(and no one did) forseen the collapse in commodity prices and the traumas of the Financial Industry and CMA like so many other companies with good prospects are now unable to raise sensible finance at anything other than fire sale prices which is hopeless for Shareholders. J.V's are not much better as you give away 'x' % of the property but what choice is there. I suppose one option is to sit and wait for the turnround that will come one day but there are mouths to feed in the meantime. It is sad to see the SP retreating after the Roca deal, I was expecting 20 cents but I am wrong again.
GLTA