There is only one of the three with an offtake agreement. You agree you have no idea why they invested but still don't have any problem 'guessing' that the offtake agreements are heavily in their favour, in what way is it? Why do you assume that they believe the native copper is a myth? What evidence do you have for this? they got to look into the books and results of exploration and they invested at a time when you would expect heavy discounting but instead payed a premium. Wouldn't the evidence suggest that they liked what they saw and point to the alternative that the Jorc underestimated? In fact I would argue that the share price agreed to is far more telling than anything else. They knew CDU needed the money and if it wasn't compelling why not just walk away and wait. They didn't, but not only were they eager to invest but so were two others, one having their bluff called earlier by CDU. Again I am not trying to pretend to be an expert but I would think on evidence that Oceanwide, Sinosteel etc tends to lend credence to what a lot on this site are arguing. Most know that what they are saying is conjecture just as what you put forward is but I can see more logic to their arguments than yours.Convince me, I am open minded.
CDU Price at posting:
$3.42 Sentiment: LT Buy Disclosure: Held
