how much debt/equity does cdu need to raise, page-2

HAW323

We,as shareholders, are fortunate in having CuDeco in very capable hands of Wayne McCrae ,the past master for planning ahead whether it be buying the mining equipment at knock down prices at the time of the global financial crisis, to importing its own drilling rig from New Zealand when it was virtually impossible to hire one in Australia, to establishing an office in China to foster relationships long before our Chinese investors were invited to come on board, to arranging for new rail and port facilities to export CuDeco's products to the world et cetera et cetera.

That forward planning has also embraced the subject of finance which you raise.

In this regard Wayne McCrae has been particularly successful in raising funds at acceptable price levels with minimum share dilution.

My mind keeps going to the recently announced rights raising by our neighbour QMN of 347,999,927 shares at 1.2 cents.

Wayne McCrae saw to it that such dilution never happened with CuDeco.

As I said earlier, we are in very capable hands with Wayne McCrae in command and you can be confident he has everything well and truly under control. Sleep well.