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 )
CDU Price at posting:
$2.87 Sentiment: Buy Disclosure: Held
