CDU 0.00% 23.5¢ cudeco limited

Ann: Quarterly Report December 2014, page-17

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    SFR owe $130m to the bank, but they have $45.8m cash, so their net position is $84.2m owing.

    CuDeco owe $76.117m (at current exchange rates) and had $7.395m in the bank at 31/12/14, a net position of $68.7m owing.

    SFR are in full production, have just increased their ore reserve (which CDU don't even have one tonne of) and have repaid $250m of their original debt.

    Which do you thing has the better financial position, roh?
 
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