CDU 0.00% 23.5¢ cudeco limited

Suspension continues !, page-729

  1. 30,924 Posts.
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    How does your sister know it isn't going broke? That sounds suspiciously like financial advice to me.
    It is not selling anything, regardless of the opportunities.
    Money is a problem as evidenced by the month long suspension for a capital raising, and no they cannot sell ore to Glencore quickly enough to plug that gap, and it cannot supply that ore using a mining fleet. Mining fleets mine, not deliver ore.
    The native copper sent for trial smelting seems to have disappeared. I suppose that means there is some demand, after a fashion.

    Your post is pure rhetoric with nothing of substance to back it up. Oceanwide just raised $1.9bn for two real eastate projects and to repay debt, and have reduced their shareholding in Minsheng Bank - doesn't sound like they are terribly flush with cash at the moment - and Minsheng itself is in a state of "unprecedented turmoil" as it "tries weathering a maelstrom".

    http://english.caixin.com/2015-02-26/100785702.html
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