Light Reading Material

A little extract from some Reading Material some may be interested in while waiting for the suspension to lift


ASIC have devoted a considerable amount of time and resources (the term ‘unprecedented’ was used) into looking into the issues raised concerning CuDeco. The investigations have taken into account a fundamental analysis of the Company leading to a view that fluctuations in the share price are readily explained and that the share price is priced ‘about right’ at the current time. The investigations have also looked into share registry movements, short selling positions and the levels of churn and trading patterns associated with the stock.

After extensive deliberation, ASIC does not believe that any breaches have occurred with the trading that has taken place in CuDeco or that there is sufficient evidence of any trading behaviours that would justify further investigation.

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