CDU 0.00% 23.5¢ cudeco limited

place done, page-26

  1. 15,774 Posts.
    aka,

    Now where did i state that raising the money is a problem?

    I merely pointed out that its a task yet to complete.

    Someone stated that the $7.5m in interest will cover running costs.

    The normal annual running costs have been about $20m per year which is a bit more than the $7.5m. That doesnt include any $ spent on buybacks which can be quite large as we all know. In addition, the actual costs of mining need to be taken into account. Cash will get expended in the mining before operation before it gets banked from revenues.

    Getting that extra cash put aside sooner rather than later just makes senses to me.
 
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