Shareholders buy shares so their $$$ GROW , CDU will have to dilute at a pathetic price now after they have spent $$ buying shares at 200% premium +, Nev you seem to be a smart guy how can you see VALUE in growing your money now in CDU??? Im not going to even bother writing the % of dilution it will receive compared to the cash it will receive on a mine life of 10 years, you can figure that one out and you KNOW you wont be getting great returns..WHY still so positive?? MOTIVES????
I would be very surprised if a massive placement would be considered at current give away prices. I am aware that an offer of mine financing is still on the table so if the cash flow analysis currently being undertaken as part of the DFS proves to be as robust as anticipated, then maybe debt funding is the go, with a quick retirement of debt and zero dilution. A good option really.
You need to understand that the Chinese have been keeping a close eye on the development of Rocklands over the last 3 years with several extended site visits. They have the same mindset as the team working on the resource, and wouldn't be phased at the resource announcement as they want the copper and the JORC statement is still very robust in itself.
I wouldn't worry about massive dilution because it ain't going to happen.
As for being smart, I am not so sure about that. A real give away is the fact that I am still posting on Hot Copper, but I think it only fair to let folk know where I stand on the current issues facing the company.
Cheers Nev
CDU Price at posting:
$1.71 Sentiment: LT Buy Disclosure: Held
