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23.5¢ cudeco limited

Ann: Appendix 3B, page-21

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PearTree

200 Posts.

81

12/05/15

16:30

Post #: 15264286
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Originally posted by jantimot ↑

Thanks for the update. I thought it was a bit tough when they dropped it to 0% during the suspension: but at least they didn't make a call. Now they've gone the next step. Sorry to hear that. Sounds like max will have to sell some.

To be fair to Commsec, they could have cut it anytime in the last two years and be accused of doing so just before the likelihood of production commencing. It mightn't have happened if CDU had stuck to their cost and time deadlines. As it is, more and more shares for less profit (now the magnetite has been excluded from the calculations - where is the revised JORC?) means the shares are worth less and less and Commsec's security is disappearing.

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I agree they could have cut it earlier. I just hate the way margin lenders spring these things on unsuspecting investors and they certainly do not inform investors of the risks properly.
I hope its a case of being darkest just before the dawn with Cudeco. Cudeco is certainly testing out everybody's patience. To many mis-truths and failed deadlines. Its time to deliver.

CDU Price at posting: $1.23 Sentiment: Hold Disclosure: Held
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