CDU 0.00% 23.5¢ cudeco limited

You ask a lot of good questions here. Most importantly is how...

  1. 28 Posts.
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    You ask a lot of good questions here. Most importantly is how CuDeco didn't realise they were breaking just about every rule the ASX, ASIC and the auditors could throw at them by allowing this to even happen.
    • The report contains plenty of inaccuracies but it also contains material information that should not be disseminated to a subset of shareholders but via a formal announcement to the market. (operational performance, throughput, recoveries, current product inventories, production forecasts, all material information)
    • CuDeco management know that the author is part of a large mum and dad shareholder group, they also know that his average buy price is way above the current price and thus has a vested interest in a rosy outlook, it's implausible to think that he wouldn't provide this group (it's a large group) details of his visit.
    • He should not have been given any information without signing a CA and even then the only reason you would supply a single shareholder material information is if they were a potential high-value investor (which he isn't)
    • The entire visit was orchestrated by CuDeco. Meets the GM, GM introduces him to key personnel. but... did he speak to the fitters, the geo's, the operators, the sparky's? Was a coincidence that the trip was planned whilst the plant was in a shutdown? LOL.
    If he signed a CA he is in some serious sh*t
    If CuDeco didn't make him... well ASIC the ASX and the auditors all now have his "report". Let's see what they think about this situation.

    FYI, he is a marine engineer so if your looking at buying a boat give him a call.
 
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