Probably need a EGM and or a SPP in there to get that amount of shares. Wonder how OW feel knowing the dilution coming after their issue only to go below 19.9% again. For what people think WM has milked the company for is nothing in comparison to those losses which will amount come the dilution. Even the great Dick hasn't taken into account the cash balance come the dilution but quick to include debt. All this orchestrated for a 5% discount on 60% of the output (Cu) which apparently wont amount to much ($63 million over 10 years) surely the money the Chinese have sunk into it cant possibly be recovered economically when considering interest. And for all the theories that are laughable according to the better educated they indeed have their own with the Reds working this situation to gain control from day dot. I've heard time and time again this deposit cant be economically extracted hence the reason no BFS was produced but still the Chinese want control to put none existent profits back into exploration of barren Cudeco permits in the hope to add to the already abundant stockpiles in the port of Shanghai that threaten to make copper worthless thus making their initial investment in Cudeco even more absurd
CDU Price at posting:
$1.41 Sentiment: Buy Disclosure: Held
