CDU cudeco limited
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cdu shorting activity, page-400

  1. jamwolf
    6,052 Posts.
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    12/07/13
    13:52
    Post #: 11996319
    That might be because investors think its still significantly overvalued.

    There are loads of decent metal producers with big projects now trading at less than $100m market cap on the ASX.

    CDU has a market cap of $360m and hasn't, as far as I'm aware, produced anything. Also I assume its going to need further funding to get to production.

    Therefore, I wouldn't assume that the shorters have malice aforethought. They are probably very rational.

    Anyway, time will tell who is right
    CDU Price at posting: $1.83 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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