Australia's largest stock trading and investment forum Australia's #1 stock forum

CDU

0.00%

23.5¢ cudeco limited

Ann: 50% Cu in blast hole drilling at Las MInerale, page-71

First 71 Last

Share
Profile

Follow
malgmac

1,503 Posts.

11

31/08/15

18:34

Post #: 15907843
Share

Originally posted by ozblue ↑

I noticed in the beginning of this thread was this statement from one that only ever sees the positives in Scanspeak.....
"DSO native crushing full steam ahead. Cue the downrampers!" for which he/she received 21 TU.

OK, DSO has simply not happened at all with no explanation from the company at any stage. There were constant promises of EARLY DSO sales. Now that the company is in dire straights with no money to complete the plant, shareholders should be on the phone or at every meeting possible DEMANDING an explanation for the no sales of DSO.

It was the board that made the promises, showed multitudes of pictures of Native Copper ready for DSO sales, yet has failed to sell any except for the trial shipment of 170 tonnes that brought in a measly $500k, that was meant to be the deposit (I've not seen any further payments in any of the quarterlies).

It is very easy to make a mockery of this company as others are doing, but I just think of the huge sums of money many have lost, yes lost, because of lots of promises and pretty pictures but lack of business acumen to turn it into cash. Those DSO sales were meant to be what put the company well in front before the plant was fully operational, but without explanation it never happened.

Glencore would pay for it to go through the Isa smelter, but they have never tried. The price might have been lower than they were expecting/wanting, but at least it would have been some sales, and the company would have received some money.

Why isn't the company doing that right now?? Surely they need some money right now to continue with operations other than the electricals? What will it take for shareholders from the WM fan club to actually start asking/demanding the board to take some positive action, without being afraid of the 3 amegos??

Expand

Oz,

They probably have the same opinion of Hutcho and the boy as they did /do of WM. All in good hands they would say.

When I first watched the CDU video a year or so ago, I noticed that to a large extent, the script was written so that the promises were made by not by the chief . Hutcho was the one who spoke about dividends fir example.

CDU Price at posting: $1.11 Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel