CDU 0.00% 23.5¢ cudeco limited

I dont think the Financial info is in short supply - consider a...

  1. 46,580 Posts.
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    I dont think the Financial info is in short supply - consider a month ago they only had $3.5m left in the bank and they had to sell almost $2m worth of forfeited loan stock to achieve that balance.

    They have said they have now heavily depleted the high grade stockpile and yet had only sold $21m worth of product - and they now need to find $62m by the end of next month

    Add to this copper recovery is only 81%- they are having problems with the plant and crusher the cobalt and magnetite circuits have been put in the to hard basket and Mark Roberts the General Manager is leaving along with the Managing Director who replaced W.M

    What more do you need to know ? - its pretty obvious what happens next .

    All aboard the Dilution Express !
 
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