Wayne McCrae did outline the reason given to him by M2G but, in the light of M@G investing in OZ Minerals at a time when the market does not have a clear understanding of where OZ Minerals is headed, I wonder what M@G are up to.
I have always said that M@G saved CuDeco after the release of the first JORC and I was pleased to see them take a further placement at $4 a share.
Sure there has been a delay in mining by CuDeco but that is well underway now and M@G shows an impatience in my opinion. They have sold at a loss Haven't they?
The question then follows . Who has been buying what M@G have been selling? Mum and Dad investors ,in my opinion, are ruled out with the quantity of shares M@G and the shorters have sold into the market.
CDU Price at posting:
$1.62 Sentiment: Buy Disclosure: Held
