vanguard, page-63

Now only 172 days to commissioning of the treatment plant

BRETTO50

The entry of M@G to the CDU register only occurred following the release of the Jorc and their injection of funds was a great confidence booster even though they only paid an initial entry price of $2. In my opinion ,they saved CDU at that time.

They susequently paid up to $4.60 to increase their stake and their last major direct purchase from CDU was for 8 million shares at $4 a share. Subsequent to this additional shares have been purchased by them on market.

The negativity expressed on this forum by the Perth nay sayers mob has persisted from well before the M@G purchase. I leave it to others to reason why.

M@G had they wished to partake in the strategy deliberations and the reasons for Board decisions would have nominated for CDU Board membership. They have not done so being a purely investment arm of Prudential.

If, by their purchases, they are merely warming the seat for another party, M@G will expect a hefty offer for that privelege.

When there was only M@G as the sole major shareholder, there was an open register and CDU was more vulnerable. The position has altered since then with the 3 Chinese entities. It is not an open register anymore.

I have not ruled out a partial takeover receiving some success as we do not know how the nominee companies would react and who is behind them.

The possibility of a party acquiring control of CDU is less likely now for the reasons I have outlined above.

Someone may be able to confirm my view that , once CDU is in production, it is harder for an overseas entity to gain control and their time to act is diminishing by the day.
----------------------------------------I believe there will be some very embarrassed journos and others and very happy shareholders when the first production starts and that's another day closer.