Neil1970 wrote: "Why are the existing shareholder getting diluted time after time. It would be normal for a company like this to finance the project with a mix of debt and equity. Has CDU sought any debt ? If not why not ?"
Hey Neil...stop asking sensible questions...you will fog up the Rose-Tinted Glasses brigade. You know - the ones who were rabbiting on about 50c dividends this year and bullishly buying stock at $4.40 a few weeks back.
And in the mean time they raise another $17m of cash...while yet again diluting the crap out of loyal Mum & Dad shareholders with shares issued for services rendered. More still to come it seems. Gee...how come no bank will just lend them any money and finally end the death of a thousand cuts suffered by Mums & Dads? Seems a reasonable question.
Meanwhile the Chinese backers seem to climbing up the share registry. They will control the whole thing one day.
What a shame CDU did that share buy back a few years back - they should could use the money right now.
CDU Price at posting:
$3.52 Sentiment: None Disclosure: Not Held
