"Peter Hutchison said he was confident in delivering increased shareholder wealth, with the project expected to be profitable at current copper prices and with the benefit of a depreciating Australian dollar."
Who needs a DFS when the MD is 'confident', and 'expects' the project to be profitable! You can take that to the bank! Also good to see a nice ambiguous statement in a David Wilson authored release - does the present participle mean CDU needs ongoing AUD depreciation?
Meet the new bosses, same as the old bosses!
Can anyone explain what's going on in this reflection?
CDU Price at posting:
99.5¢ Sentiment: Sell Disclosure: Held