Why doesn't the company release a statement refuting the media speculation of "running out of fuel". Plenty if companies release statements refuting media/broker reports & speculation.
This company seems to have nothing to say about the very serious issue of debt repayment obligations. The directors had plenty to say when the proposed merger of CUO & Minsec was supported by the directors (who were also directors of Minsec). Minsec had debt but no cashflow to service the debt so a merger with CUO would allow the Minsec debt to be serviced from CUO cashflow. The merger prevented Minsec from failing but had no real benefit for CUO and was infact deleterious to CUO. Now the directors have jeopardised CUO due to their conflict of interest.
CUO Price at posting:
5.0¢ Sentiment: None Disclosure: Held
