CDU 0.00% 23.5¢ cudeco limited

HooterI don't think they will need too much of the $100M bank...

  1. Ozz
    132 Posts.
    Hooter

    I don't think they will need too much of the $100M bank facility. It will be only used under unforseen circumstances, thus as a backup. With all the work done to secure such a facility, the Chinese Bank would be disappointed if it wasn't used for some means. With the $85M from new shares plus DSO sales in about 10 weeks, we shouldn't require too much extra finance.

    The next 3 months should clear the clouds.Then use the buy back to limit the number of shares about. Could take it back to 230M share out.
 
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