From my point of view by buying my Rights at 0.80c I can average down on my overall cost of CDU shares and, of course, increase my holding for bigger dividends.
Other shareholders have to consider their positions in the light of available finances. It could be, enough is enough, at their present level of holding.
My belief is that the major investors in CDU will take up all of their Rights and more. I feel not too much stock will be available on market to meet the new/returning buyers with the on-set of Rocklands production.. There is still 5.5m CDU shares shorted and there may be a need to cover. Although I don't know how the off-market operates to avoid trading on market.
cheers,
Max
CDU Price at posting:
$1.11 Sentiment: Hold Disclosure: Held
