dreaming

Someday soon we will hopefully discover the identity of Cudeco's new institutional shareholder? In my dreams the Head Honcho Institutional Shareholder, lets call him Buffet for short (because the sp of cdu has been "Buffeted from pillar to post" since 18 Aug) will come out with an announcement (with no corrections, amendements, ambiguity, spelling mistakes or asx calls for retraction to follow! .... yes, improbable I know but I did say I was dreaming). It could be really short, something like .....

XYZ Megabucks Corporation are pleased to announce the investment of $XXm for YY shares in emerging Australian Copper explorer, Cudeco Ltd.

Factors which led to our decision to invest include:

1. Worsening global supply and increasing global demand for copper
2. The release of a jorc estimate by Cudeco on 18 Aug 2010.......
3. Our assessment that the jorc estimate is highly conservative because ....
4. The Cudeco Rocklands tenement contains a number of otehr highly prospective but largely unexplored ....
5. The availability of local supporting infrastructure ....
6. The low cost of required infrastructure ....
7. The advanced state of regulatory approval ....
8. The existence of rich deposits close to the surface ....
9. All of thes factors support the likelihood of early and high profitability ....
10. The likelihood that such profitability will increase even further as the US peso further devalues against the Australian Super Dollar.
11. The prevailing and unrealistically low shareprice caused primarily by previously inflated expectations, the elimination of native copper from recent jorc estimates, the recent marketing and drilling success of other Australian copper exploration companies and price capping by potential competitors who may also be interested in the potential acquisition of Cudeco. As these factors are deemed to be temporary in nature, the current shareprice is perceived to represent a buying opportunity.
11. In view of the above XYZ view their investment as preliminary and is likely to be followed by further investments
13. Upon completion of DFS, BFS, engineering studies currently underway and remaining regulatory approvals, XYZ will review its position with a view to potential takeover of Cudeco.

yours sincerely


CEO XYZ Megabucks Corporation