quarterly out, page-70

Maxw, you wrote:

""CuDeco Management have stated many times since 2007 that the DFS is not necessary, and Management propose keeping the savings therefrom for other important avenues in the development of Rocklands.""


What savings are you talking about.... After all, how many millions have we already spent in preparing such a DFS. And why now we putting that aside after having spent so much money already.????




""Why issue a DFS when CuDeco Management can raise funds at a premium to the market.""

Yes he might. But, at who's expense. And what about the Long Term Shareholders that forked out the $2.50 per share when they could have bought on market at $1.70 per share.??
Why didn't the Chinese, who are so Faithful and Loyal to CDU, bought those shares and options as well.??

And what about the $100mill dollars that were supposed to be in our Bank within a few weeks from the announcement.??

Will the DSO, (if at all sold before the need of money will become due), be sufficient to get us to mining or will we need another shares placement.??? IMO, it will take a hell of a lot of DSO to replace the $100 mill dollars needed. Especially with the Rail and Port facilities coming up.



""I am prepared to bet it will be a DSO rather than a DFS that comes to the fore.""

With that part I totally agree with you. By the looks of things, that DFS has been buried away in the dungeons of the DU office, never to resurface again. Even when we have already spent a fortune preparing it, or bringing it to that stage. :-(

The reality part/point is...WHY!!!!! Especially when any mining company would fall over themselves in wanting to release such a DFS to the market as soon as possible if it shows that every one invested in the company will make good money out of it. Can you imagine the response, and what it would do to our sp, if it was as good as it is promoted around here.???

Instead, we are witnessing our sp getting pushed back more and more and where even some of the ramping members could be selling out. GO FIGURE!!!!

Now my friend, could it be that it is another JORC Story.??
I don't know and only guessing, but everything points in that direction if you ask me and all very possible.

And finally my dear friend, I totally refuse to wear rosed coloured glasses. Period!!
There is a place for everything in life, even for the rosed coloured glasses. IMHO, They should be worn at all times while walking along the beach, but definiotely not in the sharemarket. :-)

They were not designed for that purpose.

Cheers

Buddy