Ann: Rights Issue Update-CDU.AX, page-21

It's almost surreal to see such prices today. Look at RXM's chart and price for instance. Boom and bust resource darlings everywhere. Credit to CDU for raising an amount like this in today's market, however, I tend to agree with some of the stalwarts that the dust needs to settle before understanding true market value. eg. IMO, 65 may break today although VWAP is around 69 atm as huge money is being sold. So many have lost so much money which is never a happy event, yet with the end of the 15/16 approaching, I personally envisage more downside.