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.
CDU Price at posting:
$3.18 Sentiment: Buy Disclosure: Held
