The CuDeco employee share purchase plan is one which I endorse having been in a similar type one myself.
It is in effect a loan to employees to cover the share purchase and the company is reimbursed in full over time as the dividends are credited against the loan.
CuDeco would not have outlaid funds to purchase shares or instituted the employee share purchase plan unless it expected to be paying dividends.
The CuDeco Board has elected to go down this path .
From my perspective, Wayne McCrae has done a remarkable transformation of a two bit company . CuDeco is going mining. That is an achievement in itself.
I look at the junior explorers and ponder their fate . CuDeco was one of them once. It will never be one of them again.
CDU Price at posting:
$1.57 Sentiment: Buy Disclosure: Not Held