cdu 2.50 cr, page-36

Hi Aka,

Yes, that prediction certainly turned out incorrect. There are different games afoot.

Normally, after a failed cap raising, you would expect a bit of a meltdown in the share price. This has not occurred. It seems to me that the market is waiting for some good news to break upwards. If that does occur (ie DSO NuCu etc) then the price would be expected to go to levels where the company can place the rest of the issue.

Luckily, on what we know, the company was not desperate for the funds. If there is no placement of the rest of the issue, then shareholders should expect smaller divs when the company is producing profitably.