On my calculation, CDU will have $157m in the bank as at the end of December 2011. That takes into account what they have spent on buybacks plus normal quarterly Admin expenditure.
They will have approx 184 million shares on issue plus the options outstanding.
As I have previously stated, its clear that additional monies will still be needed to get to the $200 million needed for the mine plus spare cash for operations until actual revenue from new mining flows , plus contingencies.
The full cash raising is not yet complete.
CDU Price at posting:
$4.29 Sentiment: Sell Disclosure: Held
