Max [and others]. You and others of the club seem to take the simplistic view on many things CDU. It is called faith! It is easy to pee in each others pockets to gain kudos with posts that in reality bare little semblance to reality. As for the DFS [the point in question] you are correct CDU do have the finance [maybe] but unlike you I am not convinced that we have enough to finish the mine rail and port! Time will tell. "carnt" wait for the 6th Feb for DSO sales for that will be the saving grace but don't hold your breath.
If you look at the past the only time CDU's SP has gone UP is when the insto's have bought on market Vang' M&G etc, the chinese as AKA has stated have accumulated off market by doing deals and by stealth.
Spoke to a broker and again was told that NO insto will buy because they cannot value the resource unlike the faithful they need facts not hope and promises. Unfortunately the SP will be in limbo for some time it will only rise when one of the BIG BOYS buy on market and that I believe is a long time away. Sales may help but that is a another pipe dream with luck it may happen in the near future but I doubt it.
I more than most want the SP to rise but am realistic as to the time frame and the amount GLA tv.
CDU Price at posting:
$1.48 Sentiment: None Disclosure: Held