Cap raise incoming? - AFR, page-53

And while all this is going on, the countdown to the repayment of the Minsheng loan has begun.

repayments are to start 18 months from first drawdown and to be repaid over 12 months. So first payment is due January 2016.

now it appears that plant will not be finished until March 2015, then commissioning and the company does not have the funds to complete the plant.

CDU has not kept shareholders informed along the way, to date we do not even know how much the capital cost will be. The faithful have gone a bit quiet, maybe they are starting to see that the management in place maybe not the right people to finish the job. Financing of the project should have been in place from the start of the project. And why are we still waiting for first DSO sales.

if this is not sorted out quickly, who do you think will end up owning the plant. Why have OW not taken additional shares up to the 19.9% allowed ?

The company owes shareholders a lot of answers now, time for promotional pictures at every opportunity has passed. Short factual announcements on status of DSO, funding , total capital cost and timing of completion and commissioing of the plant is what we need and have a right to know. I do not want a 50 page qtr report with 45 pages of photos, we need a short factual update, 5 or 6 pages like every other company produces.

If the company management can not provide this, then they are the wrong people to be running a public company.