The ASX have not helped any small companies like CDU.
WM put out a figure of 52mt @ 2%.
They then halved it.
WM asked them to stop the shorting when m&g were selling their 34 million shares.
No reply.
As far as I am concerned the ASX look after big companies that play with others and shorters.
Not actual shareholders.
I would love to give them the flick.
CDU have told shareholders plenty.Given them plenty of information.
What we are waiting for now is the mining figures.
If its a good result then those that dont hold will yell out two things.
1)They weren't warned or told early enough.(well that's a lie because we have been told and for a long time)
2) Well that's all there is.The little bit of high % is finished.
Well all these traders are brilliant at their maths so they will remember the company has said the NC occurs down to 180m but is heavier at 50,70 and 120m.
So the pit is about 235 deep and obviously wider at the top so to me the NC will be in the material for at least half of the 30mt.
So not including the DSO I would think the large stockpile would give a minimum average for the first 5 years.
The DSO is a bonus.
How much is there of plus 38mm NC at 95%?
We will find out when we sell it to the smelters.
I think everything the company has told us they will be doing will get done.
It is close to being started.
Those that go to the agm in Cloncurry will get to see the stockpiles ,check the percentages and ask about sales.
So I will go.
Plus I love a drink with good people
CDU Price at posting:
$1.69 Sentiment: Hold Disclosure: Held
