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23.5¢ cudeco limited

With the exception of Bloomburger I think we all agree that the...

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Andy68

284 Posts.

39

23/03/18

14:49

Post #: 31982785
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Originally posted by sydneyguy ↑

WT>>>>>>>>>>>>>>>Thanks for the lesson. I'm glad you aren't charging me

Let me explain it again if you didn't get it....

In summary,
the Company said it had 27.6 Mt of ore which contained product
Then company after being forced to restate its ore reserve statement now says, opps, we only have 11.6 MT
(see below from company announcement..) that's 58% LESSSSSSSSSSSSSSSSSSS

Yes it can mine it, where did I say it couldn't.................but they have 58% LEEEEEEESSSSSSSSSSSSSSSSSS

And I said that disgraceful but picked up by many

And I said if they want the chunck of ore back with cobalt in it etc, then it will need more capital to change plant etc...........

And I said that of the 44% they have left after restatement, it is based on ex and current employees inputs, and the budgets and forecast have never been accurate

Its pretty simple

If you don't understand that nothing I can do

Reserves proved and probably are irrelevant to my statement above

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With the exception of Bloomburger I think we all agree that the company originally stated ore reserves of 27.6 Mt.
I suppose realisation will come when the stock realists at 7cents per share, if in fact it relists at all?

CDU Price at posting: 23.5¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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