CDU 0.00% 23.5¢ cudeco limited

major milestone coming, page-227

  1. GFM
    1,204 Posts.
    Bretto,

    from memory SFR borrowed $396 Mil and still owe $250 mil.

    I think it will be a long time before share holders will see any Dividend as all the current profits are going to the Banks.

    SFR are madly trying to find more ore so they can keep the underground going long enough to pay off the debts. Winners the banks, Dividends ????

    As CDU currently has no debt, but has funding available should they need it, when they start processing and selling the concentrate etc, they will, hopefully have no debt to pay off, therefore the profit can be distributed to share holders.
    I never found that having debt and paying interest on loans, improved my net return, interesting concept though, lol

    cheers

    cj
 
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