CDU 0.00% 23.5¢ cudeco limited

chart update, page-45

  1. 5,948 Posts.
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    Hi aka,

    You said.."You would think it will struggle to go much higher from here without a pullback ?"

    The spoken words of someone hoping to get back in at something less than he hoped for, but who would settle for something higher than he sold for if he felt it was temporary weakness, I guess you have some thinnin' to do.

    My guess is that whomever is buying will want to average their purchases from 2.95 to 4.37, will have done the calculations so that they don't blow their stash and then suffer a fall, but will keep a maintenance amount to keep it at a decent premium to their average buy in.

    Bottom line, don't expect a crash this time, some retracement, back to 4.05-4.10 but that's it. Any sort of professional words regarding mining status and drilling results and future costs will be like adding diesel to the camp fire. My guess hanging around 4-4.5 until mining and if there is something about economics or real NCu % before NCu sales, it could do anything.

    What I don't understand is why sell everything, 30%,50% 66% but the whole lot?
 
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