Hmmn its not just the secret shorts increasing - 45000 CDUKMP mini shorts were purchased on the ASX today and 20000 CDUKMA longs were sold.
???? What's going on - I don't really know but suspect M & G chances of getting shareholders to vote for their 8m shares at $4 increase exponentially the lower the S/P falls below $4 prior to the vote ?
On that note there has to be some doubt about the vote getting up - you would think that O.W and NAAIL could vote their 45m against the motion and M & G cant vote their 22m for it -
Interesting game of chess being played out here ?
CDU Price at posting:
$4.04 Sentiment: Hold Disclosure: Held