There is one thing about Foster Stockbroking I cannot understand. There analyst Mr Michael Evans has visited the Rocklands Project on one ore more occassion I am advised,. Mr Evans and Foster Stockbroking contributed the a share placement in Cudeco via the last Azure Capital raising for Cudeco. What I am having trouble understanding is: why would Mr Evans the analyst for Fosters go to the Rocklands site analise what he saw and then advise his company to invest in Cudeco????. Obviously Mr Evans is a geologist or Mining Engineer or both. I guess he has to be both after delivering his report on Cudeco. He must have had some data from his last visit to Rocklands to rely on. This is the puzzle. Foster Stockbroking sends their analyst to Rocklands. Recommends their clients take a large chink of the $50M PLACEMENT. Then a few months later advise other Cudeco shareholders to sell at $1.20. Fosters paid $2.50 for the privelege of taking the placement in Cudeco if I remember correctly. I wonder if they paid $2.50 per share did they take their own advice and are now going to sell down to $1.20. OR did they sell down before and now buying back their stock at $1.20. If Foster Stockbroking have bought any stock after they recommended we all sell then the West Indies is looking like a good shelter. Anyway Im sure theyll sort it out.
mmmm makes my wonder though> ikey moses
CDU Price at posting:
$2.13 Sentiment: Buy Disclosure: Held
