""((On the matter of AOH, you might be able to explain to me why, in a climate where capital is so difficult to raise, AOH would be making a return of it to shareholders. Do they not need it for development of a mine? ))""
Seeing that you've asked and raised another question in regard to something different to CDU, I will attempt to answer it in my best possible way.
Obviously roh, while IMO, you don't understand the ways the sharemarket works at times.
Maybe because you are too blinded by the sunshine emanating from someone's derriere and from CDU.
It is usually a fact that, when a company sells an asset, and an income producing one at that, they return some of that money to their investors in the form of a special dividend. Simple Roh!!
Nothing wrong with that. Especially if the Board of Directors feels that they will have surplus/superfluous cash in their bank account. And in this case, considering what they have left in the Bank account, it is what they did and why they did it.
After all, did the return of capital effected their share prices and market cap by much.???
Did you ever look at how many companies there are out there where their cash at bank balance alone is greater/bigger than their total Market Cap.??
It is not the first time in my years of investing that I have experienced such a thing, with the end result of benefiting my bank account...let me tell you. One has only to be in the right place at the right time, and not just been bogged down into one company alone. Period!!!
It could have also been the case that they (AOH) could see/predict that the CU prices were to fall to these lowest levels for years and years, (like they did), and that it was senseless for them to start developing a new mine in this current environment when the current financial sentiments are in such a mess and disarray. Imagine in what sort of a mess they would find themselves in today if they were to do so and started the mine. Just look at what is currently happening with us in CDU now where the costs have blown out, and where the forecasted dates are never met for one reason or another.
If that was the case, I would then call that, that action taken by the AOH Board, is the same as what you said many times before...A Master stroke!!!
Cash is king now mate, and God only knows what they have in mind and what to do with that cash. Maybe some cheap M&A's where some miners they would be screaming for money. (Only guessing of course, but all possible), while possibly being able to buy a copper mine without having to build one.
In regard to CDU though, we are still in the high waters and God only know as to when we will be able to reach shores unscathed. That is if the Chinese will ever allow us to reach the shore.
Maybe Hoots, with his experience of the high seas, and as to how rough they can get at times, will be able to tell us the % chances of us reaching those far away shores.
After all, and in closing, there are not many around here which have an average entry price of only 20 cents. And, unless they are ST punters and traders, they will be hurting let me tell you. I am still unable to figure out as to how, with all the years that you have held CDU, you are still have an average entry price of that magnitude though. That, IMO, would only mean that, while you have been ramping for years, you have not bought one single share since your first entry days.
That IMO could be the case that you are seeing things a lot different in CDU than what many of us can.
Have a good day mate, and let's hope that the sp will pick a little today.
I honestly feel for some of those poor newbies that fell for the latest crap and the Pump and Dump which followed. WILL THEY EVER LEARN to sort the wheat out from the chaff.?? (Or something to that extent anyway).
