gardno,Wayne McCrae has managed the finances of CuDeco...

gardno,

Wayne McCrae has managed the finances of CuDeco brilliantly otherwise CuDeco would be in the plight of many of the junior explorers and we would not have wanted that

The Board of CuDeco have endorsed the employee share purchase plan and would not have done so without due consideration to their fiduciary duty to shareholders.

What I like about the plan is that it is not an open ended one. The directors have to pay off their loan in 5 years and the employees in 7 years.

That implies to me that Cudeco expects to be progressively paid back for the loans in a maximum of seven years.

These repaid funds are progressively available for distribution to shareholders and, in the meantime, the shares are in very safe hands.