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Jumpstart,

1. Yes $25m is small when over $200m is needed. The real cost to the investor is yet to be revealed as other concessions may yet reduce that headline price. We will see when the full deal comes out.

2.CDU did announce their deadline when the ASX suspension announcement was made.It was very real when announced nearly 3 weeks ago. Its interesting that now, a few days away from that deadline, they didnt keep shareholders updated with a new timeframe.

3.My point was not that its bad to be dealing with multiple investors, but that its an indication that the negotiation cycle has a way to go and hence my comment on timeframe. If they where very close to conclusion, they would be more likely just dealing with the key player doing the deal.

4.My reading is that there is much more than a week to go.

A Hong Kong listing will take many months. Its in a separate category of fund raising.If its a real option, it shows that CDU are prepared to go down the dilution path as a listing to raise some $200m means the issue of many shares.