CDU 0.00% 23.5¢ cudeco limited

is your faith restored?, page-5

  1. 46,599 Posts.
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    Well its a long road with no turns and $2.87 is a whole lot better than $1.87. But putting things into perspective there is a lot of ground to make up.

    I expect M & G have continued to buy today and I imagine they would probably now have 10% of the company ( or close to it ) Back of the envelope quick calc would give them an average buy price of around $2.20 / $2.25.

    Dundee sold 10% of the company prior to last year's AGM at an average price around $6. While the S/P rise is nice to see I dont think there will be to much joy for the long termers till the S/P gets back to $5 or $6

    Rome wasnt built in a day but in hindsight it looks like the placement has achieved the desired result ( so far at least )
 
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