I just took the liberty to copy some comments made about CDU by some other posters which took my full attention.
""""Quite Ironic that the buyback implemented to starve of unwanted takeover attempts in CDU, has in fact left the major shareholders with almost 50% of the company.
Should M&G decide to sell to one of the Chinese, half the register will be owned by companies who couldn’t care less about the performance of the share price but only to the discount to LME copper price, supply contracts etc etc...
“Chinese companies have done silly things chasing long term supply in the past. Take for example....(Other companies that if I post the names will trigger the momentum of some TOU's for being non specific to CDU).... and you will realise that the Chinese main driver for their investments in iron ores mines, and other minerals ores, are for the long term supply security, not simply for profit".""""
CDU Price at posting:
$3.38 Sentiment: None Disclosure: Held
