Wednesday, March 10, 2010

CuDeco Limited up after confirming talks with Chinese parties

CuDeco Limited (CDU) surged today after it made the announcement to the ASX that it was in 'discussion with a number of different entities in relation to different aspects of the Rocklands project'.
I like the point that it goes out of it's way to state 'number of different entities'.

The company was forced to show it's hand and meet continuous disclosure rules after it was reported in the 'China Daily' that Xiangguang Copper was looking to take a stake in CDU.

The stock closed up $0.54 to $4.70 on volume of 1.4million shares.

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