Hoots, your last con first - the announcement says that the funds are for mine development and working capital - I can't see how the rail and port facilities could be included in either of those categories.
As for the other cons - Oceanwide, through Minsheng, are now involved as the major customer, banker and a major shareholder. With CDU's track record of meeting deadlines it is imperative that the friendship card between WM and OW remains strong if the commissioning schedule slips, as otherwise Minsheng will be calling all the shots unless the funding is unsecured.
As for DSO/NCu sales, if these were going to happen surely they should be well under way by now? Nearly three months since the crusher was commissioned.
CDU Price at posting:
$2.34 Sentiment: Sell Disclosure: Not Held
