CUS copper search limited

##the company has never been in a better position##Not sure how...

  1. MJS
    2,294 Posts.
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    ##the company has never been in a better position##

    Not sure how that statement can be validated at this stage. Last announcement they decreased their revenue forcast by between $8 & $13 million. Note that this goes straight to the bottom line.

    The Australian company is in development stage, and they have their finger in a a few other regions / prospects all of which are in development phase too. Why do I mention this? CUS was cash poor at June 2007, have flagged a poor Dec 2007 result, and have a portfolio of young businesses. I would say there is a high likelihood of a capital raising taking place, and we are in an environment that is not keen on half the market that is hugely profitable - let alone smaller companies that have flagged short-term issues.

    An alternative viewpoint from someone who has no intention to buy CUS. Prefer to put my money in AMU that has performed just as badly (well, almost) from a SP perspective.

    MJS
 
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