games continue, page-126

Batten down the hatches if the deal falls over Tim -They have flagged they need money to the market - the sharks will be circling and the S/P will be looking pretty ordinary if after 3 months they come away empty handed.

CDU did a deal with the Chinese mob Oceanwide to take 30% of the company they already had 15% and got FIRB approval to go to 30% ( sound familiar ) they reneged on the $3.80 placement.

CDU was suspended for almost 3 months and eventually they got a new investor to take the stock at $3.60, Surprise surprise a $2 BVI shell comapny - The Director resigned from Oceanwide but stayed on the CDU board presumably representing the new Chinese company NAAIL that he introduced to CDU wearing a different hat. Then of course we have the Mt Gibson mines take over attempt that reads like a 007 spy flick and the Hanlong SDL take over debacle and the share price trashing of GBG. Chinese money comes at a hefty price.

WEG on the register is one of those classic 50/50 hindsight moments that PLV would love to reverse I imagine.

hOOt