Just heard about the trading halt. Well it looks like some very important cards might finally be on the table. If there is ANY relationship between the entity forking out the $$ and any current large shareholder then IMHO the days of hoping to see $2 again are well and truly pipe dreams. This could get REALLY messy.
In a perfect world however I'd like to see them announce that they've done the entire cap raising with Sino at say $1.75. Hopefully the wording would excite a lot of people and the share price would spike up. At that point there would be plenty of $$ to be made over the summer holiday as the dust settles. That in my opinion would be an early Christmas present and I sure hope CDU have got their best lawyers wording the announcement as I type this. I would suggest using words like "thrilled, sophisticated, partnership, close friends, team, excited and opportunities". Things I would try to avoid would be "bringing their holding to, the actual costs are..., seats on the Board, government, the following dates will be and lastly referencing ANYTHING that has been announced in the last 5 years!"
Unfortunately for me I doubt Shakespeare could sugar coat what I believe is coming down the pipe. So much so hOOts that it would not shock me ONE BIT to see this stock go into suspension on Monday morning citing "further exciting news". History has proven that this is always a fall back position when times get tough, but when the inevitable does happen (starting trading again) it's usually twice as painful as it would have been to just take the medicine when it was due.
Now there also may be a brand new holder. One with no ties to anything CDU. At that point I fully expect to hear from our local cheer leaders and I will be the first to eat crow. In fact if I am sent an outfit I may pose at the next AGM with the current members. Is the next one on the Gold Coast or was that the one that they just had
PS If you use any of my posts to form an opinion of CDU or how to trade it, you need to get out more!
