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23.5¢ cudeco limited

Ann: Hong Kong Dual Listing, page-263

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shadowboxer1

2,755 Posts.

16/02/15

21:39

Post #: 14765229
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Originally posted by malgmac ↑

Shadow,

The cash will not stay in the bank, most of it will be used as working capital.

On the shares, currently there are 249 mill shares on issue and the EGM allowed another 24 mill to OW so that brings it up to 273 mill shares x 15% = another 41 mill shares can be issued without an EGM @ $1.25 that's $51 mill and I suggested Sina $24 mill plus another $30 mill so that is $54 mill. Not very far off. Maybe. Rest of loan covers $3 mill gap.

If CDU want to list on HK by June and they have to $60 mill work capital in the bank to list, my scenario stacks up.

Who knows what will happen,, maybe someone will give them an unsecured loan for $100 mill over 10 years at 3% interest with interest only for first three years

Which one seems more realistic ?

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"The cash will not stay in the bank, most of it will be used as working capital"

So how long does it have to be there, one week, one month, one year or just on the day?

CDU Price at posting: $1.41 Sentiment: Buy Disclosure: Held
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