All of the conjecture in this thread about the thread title, when the answer seems fairly obvious.
They need FIRB approval for the company to let OW go to 19.9%, I would suggest that approval is needed first, then the funding from OW. Once thatis complete, then the shares for Sinosteel will also be completed. Or perhaps it will be theother way around, FIRB approval for 19.9% to OW, then Sinosteel get shares then OW go to 19.9% (of a larger number of shares), possibly paying less than $1.25.
Whichever way it goes, obviously the FIRB approval is needed before we get money from OW and trading can resume. If Sinosteel are currently working on the electricals, and paying the bill, then there is some sort of agreement already in place, possibly getting shares at same price as OW or similar.
CDU Price at posting:
$1.41 Sentiment: None Disclosure: Held