Yes...agree...I reckon Calendonia is soaking up stock and building a position. They recently moved to 11%. ORD MINNET latest update had CUS at $3.20 target. Macquarie Australian Conference presentation highlighted the point that the model is simple to understand but difficult to duplicate. As the landscape becomes more competitive expect cash starved deployers to offer themselves for sale to CUS. The fact CUS has not taken any out yet means they have not priced attractively enough yet. Trading update expected early to mid June as per last year. Big wash out volumes with the day finishing at $2.70 means support may have been reached. Lucky buyers at $2.52 today.
CUS Price at posting:
$2.70 Sentiment: Buy Disclosure: Held
