It was good to see that not only CuDeco Directors' are purchasing more CDU, but that Oceanwide Management, a cornerstone investor, are keeping their stake, up 10% in the last two months, close to the 15 per cent holding permitted.
imo The shorters must be losing stock as the churn is being bought up by long-term holders of CDU, many of whom, would be averaging down. Eliminating a take-over I would think. Undoubtedly, WM is oversighting affairs in China, to ensure a clear road to mining at Rocklands.
cheers,
Max
CDU Price at posting:
$1.46 Sentiment: Buy Disclosure: Held