Oh, there is plenty of truth in them. Just not the whole truth. What happened to the 266 page "all-you ever-wanted-to-know-about-Rocklands" DFS report that Noiprocs referred to? And which the company said it would issue. There would have been a lot of truth in that, apparently.
There have, however, been a lot of things that turned out not to be true, though. Schedules, cost estimates, timetables, monetisation of stockpiles, sales of DSO soon, and soon, or a couple of months, no debt, scalping of NCu for early sales.
The problem with CDU reports, annual or otherwise, is working out which statements will survive the ravages of time, Southerners, Perth naysayers and gouging concrete contractors. And what has been left unsaid. Nor have the Chinese proved to be any better judges of the situation. Unless they are happy with the way that CuDeco has now fallen under their control. Half a dozen Chinese entities, some with links to each other, now control the company, have links to the Chinese bank and are the major supplier and customer.
Game, set and match to China, by the looks of it.
CDU Price at posting:
$1.41 Sentiment: Sell Disclosure: Not Held
