cdu likelyup soon in senate inquiry into asic, page-189

Buddy134,

You miss the point. Wayne McCrae had the money in hand to launch the buybacks. He realised that he could buyback shares at the low price and reissue at a higher price which meant when he needed to raise more funds less shares needed to be issued.

It was a bold confident move but it worked.

You look concerned at my reference to junior explorers . Well it is reality that they are doing poorly.

I am not the only one saying it. Posters on other companies are expressing my views particularly in relation to the difficulty junior explorers are having in attracting funds.

CuDeco in comparison is doing well.

CuDeco is mining .

I would welcome success by QMN, AOH,GBZ or any other junior explorer in the Cloncurry area. That would be good for them and their shareholders and for CuDeco.

Apart from CuDeco mining Rocklands, there would appear to be not much new mining activity in the Cloncurry region.