CDU 0.00% 23.5¢ cudeco limited

gold coast bulletin report, page-11

  1. 6,757 Posts.
    jumpstart,
    there have been many occasions on this thread where some of us have said they need to provide a DFS to show this thing is:

    a) viable
    b) profitable enough to justify the share price

    The standard response is that they don't need to because M&G and the Chinese are happy to invest at higher prices, so therefore it must be a great deal - just like seedy ewe's post was suggesting. I am saying that far from being infallible as investors, those guys are even more fallible than a typical blindfolded throw at a dartboard.

    "How many people here invested their cash because M&G invested?"

    I am guessing it had a lot to do with the Chinese coming on board, it certainly raised the price of their entry.
 
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