CDU 0.00% 23.5¢ cudeco limited

surely this must be a buy?, page-69

  1. 30,924 Posts.
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    Excellent post 383hq. You only have to look at the photos to see how unlikely a 2014 start up is; all the piping and cabling yet to be done after the installs are completed. A July hand-over looks to be impossible unless the company throws tonnes of cash at the plant - and as you say that's not Wayne's way.

    The only drawback to producing the NCu as a stand-alone product is that all the ore is double handled, and the dust thus created at the end of the Alljig will not make for pleasant working conditions for the installers.

    But don't you think that the additional delays in production (compared to the latest date of July 2014) will lead to a further deterioration of the share price?

    Ozblue, hoots is right. If the 100,000t was grading at 10%, the company would be issuing price sensitive announcements every couple of weeks on the latest volumes and grades, as they were doing with Rocklands. Potentially good news is thrust out there - but if it turns out to be not so good - no news, or bury it in a technical announcement, like DODH392.
 
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