I am also of the belief one or more of the top twenty holders below is currently happy to bail out at 15c ATM due to CEG being removed from the All Ordinaries on March 20th. Note the quantities are small so would expect a price bounce once sold if I am correct. Stated NTA was 54c at end of 2008 (March 5th announcement).
Although CEG is not out of the woods and is definitely still a speculative punt I think the forthcoming end of financial year will show the bottom is nigh if not already astern.
Argo Investments Limited 1,690,168 2.12%
J P Morgan Nominees Australia Limited 1,327,550 1.67%