how much debt/equity does cdu need to raise, page-48

Janti,

you obviously have selective reading skills, not surprising really I guess. So here it is again for you to digest again:

"
AFR Claim: The article claims CuDeco Ltd spent $36.6m buying back shares and loss of $23m.

CuDeco Response: Under the buy-back scheme, the company purchased 11,333,453 shares on market @ $3.25c per share for $37.592m. What the article in the AFR, failed to disclose was that the company wisely, replaced those shares during the 12 months period as the market improved, with a placement of 11,333,333 shares @ $3.97c (average) per share for $45m. The result was a gain of $8.052m. Not a loss of $23m for those transactions as reported by the AFR. The current share price is irrelevant to those transactions and is outside the fiscal year for the transactions"

So Janti, I hope you now realise how good a move the buy back was in making a hansom profit for CDU. No point discussing it further really. Oh, the Auditors thought it was ok as well!!!!

cheers

cj