Ambulance chasing at it's finest!I've been in and out of CMD for close to 20 years.....To me excepting a hostile .09 takeover bid at this time would be like selling everything at the lows after the 2008/09 crash.
CMD has made it through all sorts of calamity over the last 20 years and survived.
Right now many juniors seem to be coming back to life and the metals are having a decent surge.
I can't ever remember CMD sitting on this much cash and they still have a few decent prospects, plus a very low float for a junior.
IMHO, FruchtExpress is just trying to rattle management knowing full well that the juniors are about to have their day after a long sleep.
Bottomline these juniors are a complete gamble and I'm personally not about to agree to a deal that doesnt even acknowledge the cash on hand.
You've got a $100 bill in your hand and someone offers you $70 for it. Are you gonna take it??
If you are your shouldn't be playing these stocks.
Good luck all!