cudeco(cdu) limited - representations, page-34

Hi CDU'ers,

The following is the text of an email that I sent on the 8th November, 2013, to the Editor, The Times London, concerning the trading of CuDeco(CDU) Limited Securities on the ASX:
"Attention:
Ms. J... S......,
WhitehallEditor,The Times Newspaper.

CuDeco(CDU) Limited – Trading.

I am making personal representations to you from Australia on the subject of the trading of CuDeco(CDU) Limited Securities on the Australian Securities Exchange(ASX). The home page for CuDeco Limited is found on http://www.cudeco.com.au

CuDeco is a Junior Mining Company located at Cloncurry, Northern Queensland, Australia.

The mining Tenement is called Rocklands, and to date has over one million tonnes of mineralization, such as copper, gold and cobalt, ready to be mined when the Plant is ready for Commissioning early in 2014. When mining begins at Rocklands, CuDeco Limited will become a major copper producer for Australia.

Since the CuDeco Management commenced drilling for copper at Rocklands in 2006 on most occasions, when a good drilling announcement has been made to the Public by the
Australian Securities Exchange(ASX), the share price of CDU has been capped as a result of share shorting and churning by an unknown Entity.

The Entity is unknown as operations are processed through Nominee Accounts. Tracing is, therefore, not transparent and the perpetrator could be here or overseas.

The situation took a turn for the worse on the 18th August, 2010, when the ASX announced a resource for CuDeco, recommended by the Joint Ore Reserves Committee(JORC). The resource came in way under expectations of practically all retail investors holding CDU shares. The CDU share price was ravaged that day falling from A$4.79 at the end of the previous day of trading to a low of A$2.25.The onslaught at the opening of trading on the 18th August, 2010, indicated, in my opinion, that a planned sell-off of CDU Securities had been master-minded. The results were disastrous for those CDU investors who had purchased shares on Margin Call, Loans, etc.. Many hundreds of retail CDU investors suffered severe financial loss and stress because of the actions of the perpetrators to pillage the CDU share price.

Ever since the 18th August, 2010, the CDU share price has been manipulated to hold down the price despite many positive announcements to the ASX by CuDeco Management.

As a consequence, a “CuDeco Shareholder Research” document has been developed by a CDU shareholder. The well researched lengthy document can be down-loaded on

http://www.scribd.com/cudeco_research

Reports completed to date reveal the need for a forensic examination of CDU securities traded on the ASX. Moreover, it has been established that other companies in the ASX are experiencing similar circumstances of stock manipulation.

The Regulator, the Australian Securities and Investments Commission(ASIC) have indicated that they do not have unlimited resources, and have not acted. It would appear surveillance techniques used are not able to detect some forms of manipulation evident in trading as revealed by the research in the “CuDeco Shareholder Research” document.

Also, I have made representations to the Australian Securities and Investments Commission(ASIC), Federal Parliamentarians and Media Bodies in Australia for forensic investigations to be made, but without success. This is despite the fact that all the other retail share market investors and Superannuation Fund contributors throughout Australia are involved and liable to incur heavy Financial losses due to malfeasance.

The “CuDeco Shareholder Research” document provides a level of transparency about the trading taking place in Australia, where the extent of problems is clearly evident.

It is apparent that Australia’s System has been interminably compromised by the introduction of trading innovations brought about by new technology, imaginative
trading schemes and exotic new financial products; but without any comprehension of what negative impacts might accompany them and what measures might be needed to guarantee the integrity of the market.

What I feel is of interest to you is that the M &G Group, who undoubtedly would have many U.K. Investors, were Number 1 shareholder in CDU Securities; until recently,
when they sold their share holding in CDU on the open market when CuDeco was close to mining and expecting to pay good dividends in the foreseeable future. It didn’t make sense, especially for M & G Group shareholders who saw their shares sold off at a loss.

A report assessing the trading that occurred between January, 2013, and May, 2013, immediately prior to the M & G Group disposing of their holding in CDU Securities revealed that the M & G Group had accumulated CDU shares back in 2010. It was identified that a number of anomalous trading trends associated with brokers then, now had a leading role as M & G Group sold their holding. When these trading behaviours are assessed in line with a recent judgment by the High Court of Australia, it seems a good deal of the trading taking place in CuDeco, over an extremely long period of time,has been highly manipulative.

The following report represents an official complaint that was lodged with the Australian Securities and Investment Commission(ASIC) on the 14th October, 2013, and has been referenced as ASIC Complaint 2013-3.

The title of the Research Paper is:
8.3 A Review of CuDeco Trading issues from January, 2013, through May, 2013
It is available on the web from the following link:
http://www.scribd.com/doc/175891474/ASIC/Complaint-2013-3-CuDeco-Trading-Issues-January-Through-May-2013 ,or
www.scribd.com/cudeco-research/collections

It has now become quite evident that the “CuDeco Shareholder Research” document has disclosed gross manipulation in the trading of CuDeco(CDU) Securities. This situation is being sanctioned and generally ignored or dismissed by the Regulatory Authorities.

A Senate Inquiry is in the course of being established to investigate the Australian Securities and Investments Commission(ASIC).

As a result, a submission has been made to the Senate Inquiry highlighting the “CuDeco Shareholder Research” findings. The Government website link is as follows:
http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/ASIC Refer : Submission Number 213.

The submission is also available in Chapter 9 of the “CuDeco Shareholder Research” document from the following link:
www.scribd.com/cudeco_research/collections
The direct link to the document is:
http://www.scribd.com/doc/176832344/9-Senate-Enquiy-Introduction?in_collection-4378633

The submission consists of a single document with links to a variety of supporting information and refers to systemic issues affecting the Australian Securities Exchange(ASX),
and the difficulty in gaining an appropriate regulatory response to address them.

Extensive research into trading and registry data has proved beyond doubt that share price manipulation is taking place on the ASX on a daily basis through a variety of mechanisms, all of which have been identified by research and presented to the regulator.While CuDeco has provided a window in to the trading issues, the same issues have been shown to be systemic in scope, with direct implications for many stocks trading on the ASX. To date the Regulator has failed to acknowledge any concerns in regard to any of the material provided. In effect the research reveals that share price manipulation is the only explanation that can be advanced to explain chronic data anomalies that have shown to have occurred over a period of 3.5 years.

The Senate Inquiry presents as an excellent opportunity to kick start the process of implementing much needed reforms to make markets more transparent with the establishment of a Parliamentary Inquiry. The submission references a further ASIC complaint concerning the trading taking place as M & G Group disposed of their substantial holding of CDU Securities in recent months . It is anticipated that the complaint will be available in the very near future. It has been referenced as ASIC Complaint 2013-4 and will be posted to the blog below as soon as it is available. This is a must read for M & G Group shareholders who have incurred heavy losses in CDU.
www.scribd.com/cudeco_research/collections

Therefore, from a U.K. viewpoint, the M & G Group would have a large number of retailinvestors. Accordingly, this well researched work may be of Public Interest to you and
U.K. retail investors; and is referred for your information and any action you might care to take.

Yours sincerely,

Maxw...",

Referred for the information of CDU shareholders concerned.

cheers,

Max