Ann: 50% Cu in blast hole drilling at Las MInerale, page-32

35%

CDU have had 5 or 6 cap raisings in the past 12 months. Every time they pay a supplier with shares, it is essentially a cap raising and further dilution.

After the AFR article, when the company decided not to refute the need for a further cap raising of $50 to $100 mill, a few on here did some quick sums and came to the conclusion that the AFR may be correct. Assuming that it will be 6 months until the plant is complete and commissioned, as well as paying for plant and development costs, the company also has to pay interest, wages, maintenance fuel etc.

Just because the company in the two weeks or so since the AFR article have not announced a cap raising does not mean they are not going to.

Seeing as Misheng has security of ALL assets, what lender would give money to CDU unless at exorbitant rates to cover not having any security.

That means that the company will need to sell a lot of DSO and quickly or try another cap raising.

DSO should have been through the smelters by now, so deals should be imminent unless WM is holding out for his $1,050 premium on LME