Ann: Annual Report to Shareholders, page-6

Hi Mojo


From WM in todays Annual Report

"It is perhaps an understatement to say I
am disappointed at the performance of the
share price this year, but want to highlight to shareholders emphatically the current disconnect between price and value. Given where we are, and what is to come, I consider the CuDeco
share price is significantly undervalued.


The company is also in final negotiations with lawyers and sponsors in Hong Kong to complete our long time desire to list on the Hong Kong
Stock Exchange. We believe that it is in the best interest of shareholders to diversify our register to trade overseas shareholders who take globally on the HKSE and also open the doors to a greater opportunity for funding of our ambitions."

cheers
Max