So by your estimate, CDU will be out of cash roughly by Christmas?
Do you think the recent run of copper intercepts in double-bold, underlined all-caps screaming headlines are intended to prop the SP up for a CR?
I have been trying to work out why CDU has started putting out this continuous stream of what is basically a copy-paste job with borehole numbers updated. I didn't realise their cash position was as precarious as you claim but maybe they are trying to get the SP up for another CR?
Interested in your thoughts, and anyone else's. The stream of anns that seem to approach almost desperation in tone have had me baffled because I couldn't work out the point of them. We know Rocklands is a rich zone, but surely the market needs a DFS, Reserves statement etc more than more photos of chalcopyrite core?
CDU have always been quick to promote their company (not a bad thing and one other junior miners could learn from IMO) but I have been getting a sense that the recent stream is something else. Even by their standards it's been over the top.
If past history is anything to go by, CDU will make a placement to the Chinese at a good price so I don't see any reason for panic amongst holders even if a CR is immiment.
It would just answer a big question that has been puzzling me.
CDU Price at posting:
$2.02 Sentiment: None Disclosure: Not Held
