MJ Many of the CDU cult have been buying recently at the "bargain" prices from $3.50 down to the mid $2's "thank you M&G" was the catch cry not too much cash left I would suspect.
To sell the heads at $2.00+ to buy the placement at $2.50 with a free option that will trade for 10c ? and has 2 years to mature is not what most would consider to be a financial master stroke!
If the issue was not underwritten it would be it a disaster.
The possibility of the SP skyrocketing due to the much awaited "upgrade" is another myth and will be received by the community as all other Ann's credibility has always been an issue with CDU. Again there is no rush, mining and a real income is still years away and the good 'ol dividends seem to be moving further into the future by the day. [not holding my breath on early sales]
It will interesting to see how many shares will be taken up by the Chinese and even more so by WM ? Will our benevolent leader put his money on the line? now that will be interesting to see.
GLA tv
CDU Price at posting:
$2.02 Sentiment: None Disclosure: Held
