The key here is ...low share issue/tight register and major private shareholder..Hardie..
This major shareholder is obviously impressed with CGU storey.....
Hence,quality pipeline of projects will be appealing on "Farmin" basis thus mitigating any further dilution etc..plus now with majority shareholding any prospective takeover,even with say 50% premium, will look like a bargain..!!after being a seed investor at 20c..
Cheers..
CGU Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held