CDU 0.00% 23.5¢ cudeco limited

Ann: Rockland Copper Project - Financing Update , page-19

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  1. 46,813 Posts.
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    re: Ann: Rockland Copper Project - Financing ... Just got back from a days sailing so missed all the news just catching up on the threads - Agree monumental achievement to borrow a 100 gorillas without a BFS , but we do have a director on board at CDU and at Minsheng and If memory serves me correctly our other director Mr Ma was also a former director at Minsheng.

    We havent seen the fine print but I expect they will get first mortgage security over the rocklands project so W.M has gone all in on the river card now with Chinese - Hopefully the yanks wont pull another black swan on the world - I remember vividly what happened to OZL in the GFC - they were still profitable but the banks made them fire sale the assets to Minmetals and all they were left with was prominent hill.

    Kudos W.M huge achievement.

    hOOt
 
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