Or, the non-holders are those who were urged to buy, persuaded to DTODD, did so over several days (not "many hours") and smelt a rat. Or a ramper.
max and roh continue to plug how well CDU management have done. From the company announcements, I continually fail to see that point of view. Interestingly, for all the claims that the project is on time and below budget, we appear to have (through the press) an admission that it is now a $400m project - precisely 100% above the first announced cost of $200m - and the crusher, a mere $10m worth of equipment, STILL isn't producing the scalped 40mm nuggets for sale nearly fifteen months after the contracted date.
By and large the only excellent news in the announcements are lovely photos. Hard data, the sort you could base an investment decision upon, is absent. Instead, we seem to be expected to invest based upon the size of Chinese smiles.
CDU Price at posting:
$1.74 Sentiment: Sell Disclosure: Not Held