Hi CDU'ers,
Well I see the Summer Sale to accumulate CDU shares is still on.
A line was drawn in the sand at a CDU price of $1.66 a share.
Since then many CDU shares have been bought by CDU shareholders wishing to accumulate on their holding.
In fact, the ASIC shorts have been going up for CuDeco.
2.1.2014. 6.1 million
8.1.2014. 6.7 million.
9.1.2014. 7.1 million.
CDU shareholders accumulating at the moment are receiving a minimum of 33.3% discount on the recent "Rights" price of $2.50 a CDU share
All the CuDeco Directors bought "Rights" at $2.50. In effect, the Directors are providing us with a "guaranteed" bargain when we are accumulating any CDU shares under $1.66. That is a 33.3% discount to an adjudged minimum price set by CuDeco Management.
Keep in mind all CDU investors can enjoy this CDU Summer Sale. There are no large genuine CDU shareholders selling their CDU holding from what I can see.
What's more, in my opinion, a Cash Flow Announcement is due any time soon.
cheers,
Max
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