CDU 0.00% 23.5¢ cudeco limited

Ann: Operational and Financing Update, page-10

  1. 41 Posts.
    lightbulb Created with Sketch. 5
    Just some maths which keep running around in my head.
    Creditors. 50 mill ( approximately )
    Presale money. 26 mill ( approximately )
    Forgetting all the other loans, options, lines of credit. ...... say 76mil

    Theres 36 odd months left of mainly mid - low grade ore left to process over that period including the gravity they had trouble with.
    So if they make around 2 million profit, per month, they might just be able to pay back the current accounts.

    My question is how many months have they actually made a cash profit....... or any profit.

    I liken this to a poorly duck that has absolutely no feathers, one leg and poor eyesight crawling to the the timber block to have its head off.
    Pretty much plucked.
    DYOR
 
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