CDU 0.00% 23.5¢ cudeco limited

The piece today from Wayne informing us all that Oceanwide wish...

  1. 2,206 Posts.
    The piece today from Wayne informing us all that Oceanwide wish to increase their position to 19.92% tells me the door is locked and about to be bolted shut.

    I'd suggest at that point (with FIRB approval of course), they will buy on market moving to a 30% holding. Picture a brick wall being built in front of that bolted door Janti.

    Having done their extensive due dilligence Oceanwide know this its a gift at these levels, and that the production numbers will prove them correct.

    I like the approach taken by Wayne and the board in this regard. It means time is fast running out for M&G to buy on market without a serious competitor.
 
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