Suspension now two weeks. Interesting to see some of the speculation:
1. Mining Licence - doubt it, do not need a suspension for that, you just issue the detail.
2. Placement of shares - the longer this takes the less likely I believe this to be another share placement.
3. Takeover offer, doubtful would have been announced by now.
4.Further offtake agreements - doubtful, do not need a suspension for that.
Therefore it could be something totally different. What concerns me is the length of this suspension.
I have never been comfortable with the way the company has operated and am concerned that things are not as what they seem to be. I do not support some of the euphoria that some posters continue to verbalise.
I am still very fearful that it all is going to end up in one big hole.
CDU Price at posting:
$3.39 Sentiment: None Disclosure: Held