CDU

Recently it announced a share placement and a rights issue or SPP.  The price was below prevailing market price.  The market didn't like it at all and caused the share price to plunge.  There is no other bad news other than the dilutive effect, benefiting the institutions and sophisticated investors.  I topped up when it fell below the offer price.  But CDU board cancelled the offering due to the damaging plunge in share price.

Today, it has gone to $4.48.  You just got to love those idiots who discard their shares due to market sentiment.  In the stock market, you deal with your head, not the heart.  And avoid using the brown matter in the rectum.

While I have a 30% profit to boast, I still have parcels bought over the current price.  However, when production actually starts, I can expect a nice boost to the share price.  And there will be more exploratory drilling results to come too.  Most of my recent top-ups were after good announcements from drilling.