copper leads metals gains , page-4

Angers...

I'd like the opportunity to pick up a few more CUO at current levels before a rise. I think there must be someone exiting for such sustained weakness even though a number of other compmanies are suffering similar fates.

On the valuation thread the other day I commented about the value of the listed investments etc. I should have also mentioned that the company is carrying over $100m of debt. But I regard that as a sound level of gearing for a profitable company. What I would like to be satisfied of is that the maturity profile of the facilities remains comfortable. In the current market that is an important element to manage. I am sure it is in hand and perhaps the imminent annual report will reveal more.

regards
DF

ps...the AUD copper price is about the same as it has been for the last several months AUD3.95...a comfortably profitable level for CUO