There were many enthusiastic holders ( cheerleaders ) in the early years including yours truly- This was not your normal hot copper boiler room spec stock - CDU was at one point a billion dollar market cap ASX 200 company - A feat which will long be etched into folklore like the champion mare Winx's winning streak unlike;y to ever be repeated.
I was one of the lucky ones I sold out around $4 when the number one share holder at the time M & G dumped their entire holding on market- Hindsight is a wonderful thing but that was a significant turning point in this sorry saga. Prior to that there was a number of strange events transpiring particularly their reluctance to release the largely completed DFS prior to going ahead with the FID - and then building the plant which was supposedly a " Turn Key " build but never was - that should have made the cheerleaders take notice of the naysayers who have ultimately been proven correct.
I m not sure how long the ASX will give them grace on finalising past due financials or the 2018 annual report - I expect they get would eventually get delisted ? I wonder if they are to date with payment of the annual listing fees
CDU Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held