CDU 0.00% 23.5¢ cudeco limited

CuDeCo's Wheel of Misfortune, page-5

  1. 46,679 Posts.
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    If only they had what they thought and said they had - The copper find of the decade and a world class deposit that was going to make Sandfires De Grussa mine look like a hobby farm. - they never would have had to look to China for funding

    SFR did however have a viable high grade resource - they did a BFS to prove it - they borrowed the money from a bank to build it - got it built on time and on budget and had it commissioned to nameplate throughput in timely fashion , they have now paid back the debt, started paying dividends and are now looking for expansion projects -SFR have less than 160m shares on issue and close to a billion dollar market cap.

    investors in CDU both large and small really only have ourselves to blame - expensive lesson learned - never invest in a company that is transitioning from explorer to mining without first sighting a BFS or DFS.
 
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Currently unlisted public company.

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