CDU 0.00% 23.5¢ cudeco limited

more high grade cu found, page-77

  1. 360 Posts.
    Hi Bermuda007,

    Thanks for a detailed and heartfelt reply.You have made an impact on me and others because you have been such a firm supporter of CDU.

    I do appreciate your transparency,as you are certainly not helping support the value of your remaining shares even as you seek to exit.

    I am trying to understand,Bermuda,why you are selling heads and buying minis if you feel the SP is going nowhere or downwards?Much more risk surely,as you are leveraged to a share you are so confident will go down,and even if it stays level you will see the decay of your time value.

    I can't see how CDU is worth less than $3.50/share when big investors are paying $4.00,and with a BB in place,so the minis make sense-but not so much if you are selling shares.I could say that better;I can't see how the value of a share could be less than $3.50,but the SP seems at the mercy of many forces other than value.

    Bermuda,I wish you well.You are a wonderful poster,and I hope your posting continues.But I am wondering whether this might be a signal to buy more shares?It feels like capitulation,just as so much seems to be coming together for CDU.Even the macro risks seem to be diminishing as European leaders demonstrate some competence,and CDU has funding,ML,improving copper price and a wonderful resource without sovereign risk.

    Good luck,but I do hope that the continuing holders are proven to be making the right call here.
 
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