The CDU share price low for May,2014, was $1.73, whilst the high was $1.83. Volumes were down to under 300,000 daily on average.
On the other hand ASIC shorts for CuDeco securities rose from the beginning of May, 2014, from 8.9 million to 9.2 million as at the 26th May, 2014.
It would appear to me that long-term CDU shareholders are holding on to their shares waiting for production from the Rocklands plant in the near future. On top of this recent CuDeco Management announcements have given the indication that Cu grades appear to be higher than that of the JORC figures. As a result, some CDU shareholders would seem to be topping up at the current price range of CDU.
cheers
Max
CDU Price at posting:
$1.79 Sentiment: Buy Disclosure: Held
