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hottuna

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28/11/14

15:30

Post #: 14373265
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Since the only report from the AGM so far has come from Copter, would anyone else who attended care to share anything or respond to Copter's post as quoted below?

My takeouts from the Agm.
progress of the processing plant is pedestrian, electrical contract still to be let, this is shambolic , anyone with construction experience will agree management is about time and money. There is a 300 million dollar plant that sits idle while the electrical is sorted, amateur hour. The only explanation I was provided was that the plans where not approved for tender,this is incompetetence . Electrical work will take about 5 months, so at the earliest the plant will be operating June 30 next year. This is not what has been previously guided.
Yes money's an issue " but we have 10 options on the table, we run things down to the wire, that's how we have always done business" . Crazy stuff.
it would seem Cudeco is attempting to get the best deal on sales and it would be reasonable to assume news on the front in the short term that's a positive.

Dave the geology manager gave a pretty upbeat assessment of likely further results. That's good. No need to rush into this one. Just trade the news. I don't think it will go broke but dividends are someway off.

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CDU Price at posting: $1.40 Sentiment: Sell Disclosure: Held
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Post-AGM views

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