15m shares to Oceanwide at $3.80 per share subject to, amongst other things, FIRB approval being obtained. This placement must be completed by 6 October 2011 or the current approval given will lapse.
So we would expect (of course) the placement to OW to occur before trading resumes.
and
The Company intends to provide an update on both the status of these ongoing discussions and a timetable for recommencement of trading as soon as it is in a position to do so and expects that this will be in place by 10 October 2011.
The update on when trading resumes is not the day it resumes but a timetable for resumption.
CDU Price at posting:
$3.39 Sentiment: Hold Disclosure: Held
