Three big investors for 20 million Rights in CuDeco looks alright to me. CuDeco Management must have shown them something very positive when they visited Rocklands.
The CDU share register has got much stronger as I see it.
I was wondering when some of the other big CDU holders might bring back their average holding to account for any dilution that has occurred with the Rights issue. They would be able to average down in curent circumstances.
I have been doing just that and at a big discount to the $2.50.
Some movement upward last couple of days and I see the ASIC share shorting figure for CDU has fallen from 8.0m to 7.5m. Could this be covering activity, I am a novice in this area and I can only guess.
See you are not holding,,,,very strange with your knowledge of Rocklands. I would suggest you re-read some of the announcements in recent Annual Reports.
Anyway all the best, you may be doing ok as a trader.
cheers,
Max
CDU Price at posting:
$1.73 Sentiment: Buy Disclosure: Held
