CDU 0.00% 23.5¢ cudeco limited

MojoFor me, the rights issue, really only comes into play, when...

  1. 120 Posts.
    Mojo

    For me, the rights issue, really only comes into play, when the share price is above $2.50.

    If in the next three weeks the share price can rise above $2.50 then the rights will have a value.

    Say the share price was $3.00 then obviously you would snap them up and make 50 cents a share.

    Even if coming up with more funds was a problem selling shares at $3.00 to buy back in at $2.50 may be a good strategy, and then pick up the options as well. What this trading may do to the share price , who knows.

    Announcements re early sales of DSO/ native copper may improve the share price.

    An updated JORG improving the resource estimate may also improve the share price. Although I think most long term holders are very wary on any talk of resource upgrades until we actually see it. (once bitten)

    The next three weeks may show a lot of volatility.

    Interesting times.

    All the best.

    Bris1
 
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