Hi Mojo - it opened at yesterdays intraday high -its all computer driven and should be disregarded as noise -
We will have another lot next Thursday - it will all depend where the fundies want to close off the XJO for 30th June - Some index funds have to have weighting on all ASX200 companies they will all have separate covenants to how much weighting V market cap they have.
Given CDU market cap has fallen it is possible some funds will find they are overweight CDU,
Im sure the period July through to December we see the whole market rise and that will be good for CDU leading up to the installation of Roh,s crushing plant : )
( IMO ) ignore the next 9 days and look to any retest down towards Zeds $3 target as maybe a last chance top up opportunity
