CDU 0.00% 23.5¢ cudeco limited

Ikey, I agree with you, M & G backed the wrong horse. OZL has...

  1. 679 Posts.
    Ikey,
    I agree with you, M & G backed the wrong horse. OZL has 34b shares out and their average buy is about $1.70, Why they haven't been buyng CDU is also a mystery, but I think that WM thought they were playing games and locked them out of any capital raisings.
    I don't think they have been doing what they originally told CDU they were going to do and I think that WM is quite brutal if people dont do what they say they are going to do. Look, at the end of the day, M & G are a fund, but unfortunately these funds have become short term thinkers, they dont have confidence in their own ability. I agree with Ikey, I recok that M & G are the sellers , because anyone I have spoken to is not a seller.
    They are the only ones that have that amount of stock to depress CDU in this way. They are still in the black with CDU and still have 50% profit which is the opposite to their investment in OZL.
    Why the hell, they would choose OZL over CDU is beyond me. One is going to choke down soon and the other is going to bloom, they chose to choke down.
    I also agree with some of the posters that the Chinese will carry CDU through and to hell with the Western Funds. The Chinese have been doing business for thousands of years and they have a knack of ensuring quality of deals because it takes them so long to decide.
    CDU have been talking to this group for over 2 years and this is the Due Diligence's that all Chinese company's take. The same was with FMG, without the Chinese FMG would never have got off the ground, sure the US helped out, but there was no Aussies involved in the development.

    Twiggy and WM are friends for over 20 years and Im sure that there was a bit of discussion and advice going each way. All the main games are moving off shore because of the pathetic Aussie approach to investment. Now that the Chinese are coming to West Australia to get directly involved in the Iron Ore business, the Aussies are screaming. They are only coming because of the pathetic approach to funding by Aussie stockbrokers.
    The Aussie stockbrokers make decisions based on what is in the SMH or the Australian report each week and trade on the daily news of the day.
    We (Broking Fraternity) have lost it. Im a CDU shareholder and proud of it and am going to ride this bull until the end.
    Ikey I'm with you.
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.