If everything is so rosy, why not state how many tonnes of 95% Ncu has actually been produced currently and how much was expected from the JORC for that area. They should have those types of numbers available, especially how many tonnes they actually have of 95% NCu sitting ready to go and from how many tonnes it was gleaned from. Yet they continually refuse to release such simple numbers.
How was the company able to state that this shipment was due to go to Chinese smelters in May, when it plainly wasn't. Was the May date just plucked out upon the stock retrading to stop a slump in price, without any real intention or knowledge of how it could be done in May. It is obvious from today's announcement that the shipment isn't going in June either.
The company probably could have made a lot of money by cleaning up the medium and large blocks of NCu and auctioned them off to collectors/mining companies etc for a far higher price than they will end up getting for them. How large is the largest existing nugget of Native copper (not the largest ever dug up)? CDU may have it and get 2-3 times the price of the value of copper for it.
They could have been selling nuggets off to collectors and museums for the last couple of years, and it's not like the company didn't need the money.
Today's announcement is just another in a long line of disgraceful announcements that basically tells holders nothing, when it could have had substance, but no, for some reason the company is scared of giving out real useful information.
CDU Price at posting:
$1.20 Sentiment: Sell Disclosure: Not Held
