Whats up is that the market is pretty sure that CDU need over $50 mill to complete the project and do not seem to have an obvious plan to source funds.
The company took the trouble to take the AFR to task about when the loan was drawn down but were noticeably silent on the claim of the amount of funds needed for completion.
In my simple mind, the funds needed were a major issue and the timing of the draw down should not even have been worth bothering to dispute, it was a matter of less than a month.
Add to that the ongoing crusher saga, two years after it was supposed to be completed and the company says it is still modifying/upgrading. Does that give the market any confidence on the commissioning of the rest of the plant?
Whats up is that the market is pretty sure that CDU need over...
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