RE: RE: GWR and CDOThere isnoquestionthatCDO is, on one hand, undervalued. On theother hand, the questionsofagrossfarmconfirmsmysuggestionsince years, that Candoradohasbeen managened very sloppily – or , with other word,has been managed by a CEO who’s management has been influenced by very ‘privatereasons”. Iremembermany telephone conversations with ReneBernard, in whichhehasbeen unrealistically enthusiasticaboutfindsof gold andcopper, so that hasbeen very strangetonotice,that no adaequat reportshave been published. He oftenspokeofdrillprogramsforthisand that year – butfinally no drills have been done as well as no reports. How often have I beentold, that financial reasons are the problem.....while I noticed that CDO onthe other hand receive a million here and a half million there.
Thereis no doubt, the market does not trust such acompany and its management at all . ThereforeCandoradoisratedtodayas a shell.
Whetherthe propertiesactuallyhave any real value, assome here suggested soeasily, untilnow is just a dream....until totrustworthyandpromising reports havebeen delivered. As long as those reports do not exist, there will be noconfidence anymore in CDO ! Too much has been destroyed, so hyphes by rumoursare, in my opiniion, not possible anymore. Those times have gone!
Thereare small explorer, forexample REE, withonesingle property which, properlymanagedand financed, actuallycreate shareholdervalue. ShareholderofCandorado had to listen, for years, to great promises about socalled, greatproperties. Sorry, but I believe then years talking about great properrtieswithout results, makes every property totally worthless: Only an exploredproperty is a good property as only a car with wheels is a good car ! If Inever put wheels to this car I can use it as a garbage can!
Thestock price andthegeneral disinterestin CDO is the punishmentfor such mismanagement–and,as always, the market is right....and not some hopefull voices at a stockboard.
However,yes, why not believe in CDO! But........ not today and not tommorrow! Fact is,longterm shareholder will be the loser, no doubt. Thanks, Rene! There is a law in thestockmarket which is totally right as well as in running a company: A CEO HASto take over responsibility for a wrong management....not the market, norshareholder, nor investors. Responsibility for a company is always on the sideof the management. Learn this finally – even you run away – get matured!
Havea nice weekend all.