CDU 0.00% 23.5¢ cudeco limited

good news, page-54

  1. 56,640 Posts.
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    Abuman, look at the performance of every single copper company on the ASX - all three tiers, either explorer or producer is being heavily sold off.

    How about BHP as an analogy? BHP has lost 15% alone in one month. It is almost impossible for CDU to survive the carnage.

    Look at the enormous copper prices even in the last week - the barometer of global growth.

    This suspension may only lead to one almighty one large gap down IMO.

    In my view, to think otherwise is very irrational. A 25% gap down is optimistic as it stands atm.

    Thankfully, CDU have a war chest and this is why the market cap will not be under $2.00 again unless the macros completely capitulate.

 
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