In my opinion there is no doubt It's very good news for the share price , those that get in at current levels , or have bought at or below $2
It is however very disapointing for the longer term holders who paid $5 + as the return to $5 is diluted and unlikely in the next 12 months .
I do however expect to see a 3 in front of the share price within the next 30 days .
Just my opinion , please note I am almost last in the hot copper comp so take my opinions as a grain of salt
MY strategy this month was to attempt to pick stocks that had been smashed , whichis why I bought CDU .
My stratgegy howver is a reminder that it is very hard to catch the falling knife , and sometimes it is better to wait till you see a major show of support before trying to buy stocks the market has fallen out of favour with
maybe this is the case with CDU ????.
CDU Price at posting:
$2.23 Sentiment: ST Buy Disclosure: Held