CDU (ASX) What a farce.

Not much better in Queensland. Stuck indoors!

Was wondering K what you think a VERY CHEAP price would be and why even then you'd choose to invest? Do you think there will be dividends down the track or just a short term spike in the share price? Of course we all have our opinions on what this company is "worth" but it's always interesting to hear other opinions on what that value might be.

I guess personally if the share price opened up at around 75 cents it would be tempting to jump in for a quick trade back up to say $1, but as I said before, I've yet to find ONE supported reason why I would want to hold on to this stock for any decent amount of time. I tell you one thing though, even at 75 cents I'd have a VERY strict stop loss! For me CDU's value is @6 times the annual dividend it will one day (possibly) be paying. What am I leaving out here?? Based on my expectations of that dividend number we have a share price that isn't within $1 of what I'd pay for it IF I was forced to hold longer than a week. Possibly some who bought the week before it went into suspension might understand what I mean the day it opens back up.

Anyway I found a new metal and companies to invest in at the beginning of last year (Vanadium). I'm now "following" a few companies (WMN TNG & recently YRR). Don't post much there as it's not half the fun you lot seem to have here but the quiet is bliss. Just a bunch of guys getting minerals out of the ground and hopefully selling them. Quite boring isn't it!

If it's good enough for CDU it's good enough for me:

"Disclaimer and Forward-looking Statements

This post contains forward-looking statements that are subject to risk factors associated with resources businesses. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including, but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delays or advancements, approvals and cost estimates."

Taken from CDU market update announcements