CDU 0.00% 23.5¢ cudeco limited

trading halt for finance ?, page-10

  1. 46,684 Posts.
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    Nothing disingenuous in the post - No DFS but under budget and now a halt for financing.

    Yes it could be debt financing which was supposedly offered yonks ago in the MOU with Sinosteel - Debt financing was also supposedly offered by Oceanwide.

    However to date all financing has been by way of dilution - its possible that debt financing may be offered in return for the final 40% of production via a second offtake agreement ?

    For mine I reckon Sinosteel will take another placement in lieu of cash - And I reckon NAAIL may also bee keen to get to 19.9% to match M & G - NAAIL would like an offtake we have been told so IMO they would be the front runners.

    All will be revealed sometime between now and Friday ! or will it ? maybe another suspension for a month to take us up to the AGM :)

    Hoot
 
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