CDU 0.00% 23.5¢ cudeco limited

bulk test results a massive 140% above jorc %, page-6

  1. 46,813 Posts.
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    "So why are you calling this a buy at this price, without the backing of a DFS ? "

    Dont know why Brenden is calling it a buy at $3.40 - But Hoots is calling it a buy at $3.40 because O.W paid $4 and $3.80 for their 20% holding in the the company and they made their decision based on the what they viewed in the data room and 6 weeks on site due diligence at Cloncurry and the Gold Coast.

    Strangely enough they seemed unconcerned by the lack of a DFS for their $140m investment ? apparently they would even like to go increase their holding to 30% !

    Cheers Hoot

 
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