It looks like Cauldron was purposefully sold down to the Dempsey/Qiu "deemed" transfer price of 22.5c, or could it be a coincidence, I don't think so. Reading the announcement it seems this arrangement had its roots back in July 2012 and was in consideration for Asian promotional and marketing activities, conducted or to be conducted in relation to CXU. No cash changed hands. Where to from here? I don't know but I'm guessing a floor price has now been set and we'll see a rise from here. Any thoughts?
CXU Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
