Ann: China Oceanwide requesting FIRB to increase , page-8

re: Ann: China Oceanwide requesting FIRB to i...
gjcl

The announcement is one from CuDeco . It will mean either buying on market by Oceanwide or being able to accept a placement.

My thought is that Oceanwide will buy on market as Wayne has stated further issuance of shares at current price is not to his liking,

Another 5 % of CuDeco shares would absorb the shorted stock by some millions. I welcome the move.

It shows confidence in the way CuDeco is heading and for Oceanwide ,it means they have a double headed benefit of additional dividends whilst having a 20 year offtake agreement in place.

FIRB approval for Oceanwide to go to 19.9% must be of great concern to the shorters. It will be fascinating to see the reaction.

One other point I would think worth consideration is that, with a much larger investment in CuDeco, Oceanwide may be more amenable to providing finance for rail and port facilities.