I expect the CDU price to be firm. All the Rights will be taken up by existing CDU shareholders and the Underwriters.
The only actual shares that will come onto the market are those shareholders who wish to sell their exising stock or part of it for personal reasons.
It cannot be foreseen what the shorters will do to the stock on re-trading, but on the other hand there may be many Institutions ready to buy in now that the Feasibiliy study has been successfully released. Dividends are imminent.imo.
Anyway see how it goes. I am buying all my entitlemens plus an extra 5% for luck
cheers,
Max
CDU Price at posting:
$1.11 Sentiment: Hold Disclosure: Held