depth, page-35

Hi Hoot,


Citicorp Nominees and National Nominees controlled 70% of all registry activity in the first half of 2012, and together with the other 3 institutions they controlled 85%.

Such cartel like levels of control over an ASX200 company with 7500+ other shareholders is clearly breaching principles of fair trading.

Their high volumes of "non genuine churn based trading" has also facilitated the accumulation of cheap CDU shares from retail investors many of whom have sold in frustation at a share price being prevented from reflecting strong gains made by CuDeco Management in building Rocklands mine.

From the "CuDeco Shareholder Research" document the control of 50.3% of all share flows over a 2.5 year period reveals their strong monopoly over trading.


cheers,


Max