Thats just under $36m now spent in the last 12 months on the buyback. By the end of may it will hit close to $40m which was my predicted annual running rate many months back.
Other posters have stated that it will be a difficult time for new capital raising but that is exactly what CDU still need to do to be able to finish the mine.
The 2 and a half month suspension last year demonstrated how hard it can be. The European situation is now casting a pall over all markets.
The number one priority should be to conserve cash so the mine can be finished.
The magic pudding effect wont always work in current conditions.
CDU Price at posting:
$3.29 Sentiment: Sell Disclosure: Not Held
