Ikey
Thanks for the post - I also suspected something was going on Friday close so have re-entered CDU today looking for a long-term play.
Although I do think that CDU is still overvalued at these prices until the mining licence, DFS, EIS and finance are arranged. I also think there is the possibility that M&G maybe looking to re-commence accumulation before the quarter end. If that does happen, I think we may have seen the bottom.
Of course if M&G do not start accumulating again the stock may continue to drift lower until we get the concrete evidence we are waiting for.
In any case, good to be back for the long haul now gentlemen.
I am the Iceman!
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