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.
- Forums
- ASX - By Stock
- CDU
- Ann: China Oceanwide requesting FIRB to increase
Ann: China Oceanwide requesting FIRB to increase , page-8
-
- There are more pages in this discussion • 68 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online