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hottuna

3,053 Posts.

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26/02/15

12:34

Post #: 14822455
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Originally posted by roh ↑

whalewatcher,
As my sister keeps saying to me "CuDeco is not going broke ". Every day there is more bad news not only in the mining sector. The mining sector has been particularly hard hit with mine closures, projects put on hold or mothballed , continuing staff redundancies, frustrated shareholders seeing their investments reduced to near zero and little prospect of recovery. I repeat my words that 2014 was bad and I think this year will be a shocker.
Now CuDeco is progressing its Rocklands project. It has not closed its mine. It has not mothballed its project. It has not made staff redundancies. It has not seen its share price reduced to near zero. It is getting on with completing the processing plant, listing on the Hong Kong Stock Exchange and preparing to make serious sales.

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Canned post number 4 roh, including your famous sister!!!

http://hotcopper.com.au/threads/cdu-copper-looking-bearish.2338701/page-68?post_id=13855509

"What was on the ROM awaiting crushing would have gone through by now and what was sitting in the Las Minerale number 1 pit removed and in all likelihood be in the process of being crushed or already crushed. The rich ore from the number 1 Las Minerale pit is now being accessed. The next announcement on grades is keenly awaited as CuDeco has informed us that they are improving with depth.
I also am very happy with what CuDeco has accomplished. Every day I read of another mine being mothballed or personnel being laid off. As my sister keeps repeating to me, CuDeco is not going broke. The service sector to the mining industry is also in decline and downsizing. It is very difficult for laid off staff to secure employment. Many of them have mortgages and now find themselves in a difficult position. Some of the mining service companies are still profitable but particular divisions are not getting the work they formerly did and the employees in those divisions are the ones being laid off. It is not all gloom and doom but a much leaner sector appears to me the way things are headed ."

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CDU Price at posting: $1.41 Sentiment: Sell Disclosure: Held
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