another option would be to turn on the commissioned copper ingot casting machine that is capable of producing 750/ton/month....unless of course that announcement by the company was false and misleading.
Because assuming it is true, the board could have brought in many many many many many many millions especially as it said it had stockpiled big amounts of nuggets (as per other announcements) ............... the costs would have been minimal as the cost to dig the nuggets up have already been sunk and the profit would have flowed almost straight to the bottom line, according to their announcements
failure turn on this machine fantastic machine, which was commissioned mid last year, claimed as fully operational with nuggets stockpiled doesn't appear to be acting in the shareholders best interest given the current operational and financial situation
but im sure there is some reason they would forgoe 10's millions in profit and prefer to watch existing shareholders get diluted or wiped............
all directors at the time should be made to answer this question imo, it was never retracted and as far as im aware they still claim to have the machine, infact they claimed they were upgrading it to a larger capacity.....................................
CDU Price at posting:
$1.11 Sentiment: Sell Disclosure: Not Held
