Club Mulgoa

Tuesday, November 13, 2012

CDU

Yesterday, I picked up a small parcel of CDU.  When I exercise my PIROA options at the end of this year, I will have to sell some shares.

This morning, it fell further.  This is where those institutions and sophisticated investors, who were privileged to buy at a cheaper price than prevailing, would be really annoyed!  I bought because it went much lower than $4.30 but it has gone below $4.

WM, the chairman is very cunning.  You will find that just before the closure date for the pending SPP, he will release some excellent drilling results... and it will make CDU irresistible.  His modus operandi is famous or rather infamous.

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