CDU 0.00% 23.5¢ cudeco limited

finance announced, page-8

  1. 2,594 Posts.
    Patprice

    Was going to say a good part of the announcement is


    The negotiations with Minsheng Bank have been ongoing for the past six months and has involved a detailed due diligence process including on-site visits at the Rocklands mine-site and investigations by the banks geological, metallurgical, engineering technical and analytical consultants.

    The Chinese banks are not going to give CDU access to 100 mill (we might not use any) without a genuine resource that has value.
    Wouldnt it be great for shareholders if he was happy to access this money at 7% and give any sales made in the mean time to SH as divis.
    Afterall they will be able to pay the 100 million back in less than 2 months when they are in full flight.
    I would like to congratulate WM PH and the whole team on getting us to this point and am glad we have all these people leading us to being a great mining company.
 
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