depth, page-40

"I thought your knowledge of trading would pick this out this easily."

Max - Your argument has no logic for what you are implying is the churn is forcing retail holders to sell their stock cheaply to an accumulator - If your numbers are correct then there has been huge accumulation going on ! - yet when you view the top twenty holders these mythical accumulators are not there - Late last year I sighted a copy of the top 100 and the amount of stock you are talking would appear there and should be visible in multiple nom of other accounts but that is not the case.

If you are implying churn and borrowing stock with a view to short the price and buy back the stock and return it then that is an entirely different matter - The name of the game is to make money through buying and selling to make a profit not accumulate a position. As Zedster says the numbers you quoted have to be wrong as they show huge net buying and that is obliviously not reflected on the register.

For years we were told the the Xmen were employing the same modus operandi you are suggesting and they also were supposedly " hiding " on the register in nom accounts which turned to be a furphy.

Max maybe just maybe the most logical and simple answer why CDU is going down is because no one can value it on the disclosed information, there also remains considerable doubt over full financing of the mine, port and rail and it has no broker support covering the stock since Fosters and MPS stopped covering it.