CDU 0.00% 23.5¢ cudeco limited

prospectus, page-42

  1. 46,820 Posts.
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    By that Janti I presume you are thinking infinitus are the group that bought the 20m shares from the underwriter in the 2013 rights issue ? that would make sense as their 20m $2.50 options are 99.9% likely to expire worthless in December - good opportunity for them to average down their $$$ cost base - you would expect their holding can be added to the 34% voting block.

    I presume Sinosteel were unable to take up their 33% of the underwriting because they are are state owned entity and fall under a differnt set of FIRB rules
 
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