shorting again, page-85

Hi Brett,


As you are no doubt aware, the CuDeco Board's objective is to drill out a world class copper-cobalt-gold-magnetite resource at Rocklands.

The most important thing is to drill the largest resource possible at Rocklands and continue to value add. This I feel is happening.

This eventually will deliver to CDU shareholders the highest value possible for their shares.

In terms of the so called undeclared "information and tactical war" playing out on the CDU Thread, it seems to me the logical end game of strategies designed to keep the share price under pressure could be to enable a bid for control of the company.

Any company lurking anonymously and desirous of M&A activity would undoubtedly be looking to act as soon as the Rocklands Project is de-risked. Hence the constant calls for Finances to be secured and the publishing of a DFS, rather than waiting until production and the likely strengthening of CuDeco Limited in a way that cannot be easily misrepresented. In effect, cash flow will speak a universal language when it is Announced.

CDU shareholders have every reason to be aggrieved with the situation in which they find ourselves. However, their one consolation is that this type of situation would not exist if Rocklands wasn't a highly prized asset.

The foregoing, therefore, possibly provides the key to what is being played out, and will probably escalate in the weeks and months ahead as the plant at Rocklands draws nearer to completion and production.


cheers,

Max