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Ann: Rocklands Feasibility Study, page-309

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h00ts

46,765 Posts.

8870

22/03/16

21:37

Post #: 17340938
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Originally posted by maxw ↑

Hi h00ts,

From my point of view by buying my Rights at 0.80c I can average down on my overall cost of CDU shares and, of course, increase my holding for bigger dividends.

Other shareholders have to consider their positions in the light of available finances. It could be, enough is enough, at their present level of holding.

My belief is that the major investors in CDU will take up all of their Rights and more. I feel not too much stock will be available on market to meet the new/returning buyers with the on-set of Rocklands production.. There is still 5.5m CDU shares shorted and there may be a need to cover. Although I don't know how the off-market operates to avoid trading on market.

cheers,

Max

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Fair enough Max but averaging down on market at 40c or 20c will get you a lot more shares for your$$ than 80c i am expecting Cdu to trade well below 80c when / if it re lists

CDU Price at posting: $1.11 Sentiment: None Disclosure: Held
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