A spokesman for one of the major sellers who recently accepted a placement at $4.00 a share indicated that they selling was because of the company extending its date for the commencement of production. Our company expresses that its directors work for all shareholders of CuDeco and the reasons behind the extending of the commencement date for production is because the company refuses to accept quotes for various forms of construction of the Rocklands Project because of gouging quotes for civils, concrete and construction, steel and others. . The company has saved shareholders more than $150m is costs to date. The big end of town doesn’t appear to be worried by costs, but at CuDeco we are. The company makes no apologies for the savings to the project and if it takes a little longer, then it takes a little longer for the benefit of all shareholders.
AS far as Im concerned CDU are looking after all shareholders not just 1 large one. Why should holders with 172 million shares be dictated by 1 large shareholder with their own agenda.(33 million shares) They (large shareholder)fit in with us (us being other holders)represented by the board. WM and the board are there to look after CDU's interest and ALL shareholders not 1. Im sure M&G were leaving at that time.So they left. Im much happier having someone that is very very (saying it nicely)carefull with my money than someone that would be dictated to by these big companies with their own agenda. By being very very carefull we have 205 million shares and no debt. Wm should be running M&g and they might not be running in circles without a plan.
CDU Price at posting:
$2.14 Sentiment: Hold Disclosure: Held
