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23.5¢ cudeco limited

dso ready for shipment, page-110

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malgmac

1,503 Posts.

11

10/09/14

12:56

Post #: 13952834
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Originally posted by stephenk ↑

For me, what keeps me hanging on is that there are so many people involved in this from the board, to every staff member and every other shareholder including the likes of Oceanwide etc. and so I keep telling myself "I can't be a complete farce". I mean they ARE building a plant etc. (albeit painfully slowly) and at the end of the day there must be a reason for doing this.

The issue right at this point is that if such a glaring mistake has been made with the price of copper in Shanghai, who is to say that every other statement, feasibility study or whatever planning has been done for this whole project is not based on other glaring mistakes?

That one statement has completely undermined my faith in the company and to be honest, I don't know why it is not considered a 'false or misleading statement' in respect of ASX listing rules.

I am just dumbfounded at present.

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I think that the ASX is looking at this now. Probably ask the company for a please explain, maybe we will see a new release in the near future.

As I said in a previous post, CDU as usual have used very clever wording to imply an advantage greater than what it really is.

While they may look through announcements before release I doubt they check things like Shanghai copper price.

CDU Price at posting: $1.71 Sentiment: None Disclosure: Held
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