copper price, page-81

Brett,

I cant see myself getting back in. In my view there is too much risk because of all the unknowns.

I have commented on CDU for something like 6 years now. I always thought that the early timescales given were way too optimistic but no-one predicted back then that it would be late 2014 before a real mine was operational.

The dates given in the last Annual report have already moved out some 8 months. Nothing seems to come out as first planned.

Holding at the time of the JORC in 2010 proved to be a real risk for many.

Holding in recent times produced a surprise risk for many.

In my view, funding for the whole project should have been well and truly bedded down before now. Its not and its a real risk in my view.

The sky high predictions for the copper price never came to pass. Even WM stated that he didnt want to be selling copper at current prices.

I agree with AKa about the question of what will drive the price once m&G are out. Its pretty clear that that is what they are about.

No, you wont see me in as a holder, I am happy to be a commentator.