CuDeco had $47.6 million in the bank at the end of June 2013.
Does that look like a company that is going broke ?. I really did not have to ask that question . The answer is obvious.
CuDeco is a standout compared to the junior explorers. I know I have said this before but the junior explorers are having extreme difficulty in raising finance, joint venturing or selling their projects.
As hard as the reality it is for some to realise, the junior explorers are like a sailing ship looking for a breeze . What they are looking for is not the halcyon waters they are becalmed in but a ripple on the water to start moving again .
In view of the economic climate in which the junior explorers are operating, that ripple on the water is not appearing.
The good ship CuDeco is going mining. It has the breeze behind it. It will never again be a junior explorer.
CDU Price at posting:
$1.57 Sentiment: Buy Disclosure: Held
