Fact is that although the mining and processing operation was running at a profit the company has managed to go broke. My understanding is that some plant maintenance is overdue and some contractors need to be paid.
To survive and recover CSD needed settlement and the $20 million loan yesterday.
But for whatever reason this is taking too long. CSD should be telling shareholders clearly what on Earth is happening with the company.
The quarterly is due out in three weeks time, but it may or may not tell us much.
CSD has great assets after settlement is completed and I suspect someone might be after them.
Dave R.
CSD Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
