Max,
I had a chuckle over your 1066 post on the other thread.
The $1.66 line though appears to be breached with sales down at $1.58 today.
The price will land where the market takes it. There seems to be an active seller that has been in the market for 3 days now and that has pushed the price lower. The interesting question is who is that seller and how many are there to be sold? Maybe a sub holder notice or two will tell that story sometime soon?
You claim in your post that CDU are debt free. True right now, but as per their ASX announcements, they are in the process of signing up for debt that could extend to $100m, so I am not sure that the "debt free" line is a great selling feature going into the future.
How is the Crusher making out? No news on that in recent times. Is it up and running now?
cudeco discounted, page-13
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