CDU 0.00% 23.5¢ cudeco limited

hang on lol...$2 dividends aren't sustainable, page-10

  1. 6,609 Posts.
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    Alright. I get it. You can't fault the analysis, so you (in true CDU form) you fault the man and his motives.

    I'm not 'trying' to protect your hard earned. Its your choice what you invest in. Go and invest in a dud oiler like GDN for all I care, but should it not be fair that someone contests all the ramping about the native copper and future dividends. Or would you rather that all the positive talk goes uncontested and uncriticised?

    You say that people should just hold on because of what management say, but I say to you that quantitative analysis is far more important in this sector of the market than qualitative analysis (or spruiking as I like to put it).

    In one corner you have the argument that there isn't enough high grade copper to support the operation. In the other corner you have the argument that its a great discovery so people should just buy the stock.

    Hmmm. Exploration fantasies can only go so far. Sooner or later, Wayne is going to have to get the mine running, and that is when his credibility will truly be on the line. My credibility? Well I had none in the first place. I'm just some anonymous chap on a forum so it doesn't bother me if my concerns are off-par. We can't get them all right, but having said that, the numbers tell me I have every right to raise some concerns.

    By the way, the above estimation of operating costs does not include freight charges, so the company are going to need to find more copper again if they are to meet the expectations of those hoping for a $2 divi.
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