Ann: Annual Report to Shareholders, page-10

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maxw

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30/10/14

12:44

Post #: 14207355
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Hi h00ts,

I leave it to CuDeco Management to get Rocklands to production the most economical way they see fit.

In the meantime I am happy to top up my CDU holding at the current shareprice.

If shorters like to go beyond 9 million it is the chance they take. As I see it the major CuDeco shareholders are not selling CDU shares. In actual fact the Executive Chairman just bought over 100,000 more. What more proof would you want !

cheers

Max

Originally posted by h00ts ↑

"emphatically the current disconnect between price and value. Given where we are, and what is to come, I consider the CuDeco share price is significantly undervalued."

Hmnn !! - Max - the above statement may well be true but I dont think the company does themselves any favours with getting this message across when they pay a crane supplier $30k in stock with an issue price of $1.50 - Even the most recent supplier contra payment for shipping at a $2 issue price is still 20% below the December 2013 SPP $2.50 price which the company also said was a significant discount to the underlying value

(IMO) borrowing more $$$ from Minsheng to pay suppliers in cash rather than diluting existing shareholders at $1.50 or $2 sends a much clearer message to the market. if you are trying to convince them of a share price V value disconnect.

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CDU Price at posting: $1.28 Sentiment: Buy Disclosure: Held
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