Just for the record, if it's ever needed, I did keep a copy of the original 'beer' document showing that statement "A Director of Beer & Co provides Company secretarial services to Cudeco Ltd" and I'll upload it here if the moderators require proof.
So one of them is helping Bruno do his job or what?
@shadowboxer1 a lot of us have been around AGM's and heard Mr McCrae speak.
You didn't appear to believe h00ts regarding the 'buy when I buy, sell when I sell' but maybe you'll believe the most honest gentleman in the CDU holder team? Maxw might be very badly disillusioned with his holding and belief in this mob, but we all agree he's a great old gentleman.
Sell when I sell
http://hotcopper.com.au/threads/cdu-shorting-activity.1995692/page-357?post_id=11960939#.VzVUZfl95rQ
http://hotcopper.com.au/threads/cdu-shorting-activity.1995692/page-152?post_id=11813099#.VzVVXPl95rQ
http://hotcopper.com.au/threads/orphan-period-continues.1668120/page-6?post_id=9706520#.VzVVfvl95rQ
http://hotcopper.com.au/threads/mergers-aquisitions.1999310/page-15?post_id=11780212#.VzVVpPl95rQ
Only took a short search, there were more, so I narrowed it down to only Max.
I've heard it, as has
@havingfun, and no doubt dozens of others, come out of the mouth of the ex Chairman and CDU's greatest salesman ever.
As it appears Mr McCrae may well have sold, what does that tell you all? If he was going to hold on, there was no need to shuffle shares around, but it looks as if the only ones left may be those in his super fund.
I'm looking forward to seeing new registers over coming days.
What a shame the likes of Max didn't listen, and sent off their money for this disaster of a Rights Issue. With the underwriting guaranteed, they would all have been much better off supporting the company on market.
If CDU manage to show $112 mill profit, less debt pay off over the next 10 years, (not one year, but TEN) wouldn't you concede that a market cap around $80million was more appropriate? Maybe even less? With nearly 400 million shares, I'd say that's around the 20c a share mark. I know it's heading in that direction, but maybe that helps show why.
As many have pointed out, the Chinese don't give a rats about the share price, they only want the copper.
As Aussie mum and dad investors traditionally have wanted a good share price, and possible dividends, I'm sure there are hundreds of better companies to find that on. I'd say it's the end of an era, and CDU is a Chinese company now.
What will be the percentage after all the new changes in substantial holding, plus underwritten shares?
Don't get time to post a lot, so there's a lot come out in one go here.
"Sell when I sell"
"See you later" in Chinese - Google Search
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Huítóu jiàn (See you later)
