So let me take a guess, the 4 year wait for JORC stage 1 wasnt the real JORC,I have heard it all now.
Here is a fact, the fact is that the updated JORC by CDU was grossly under the markets expectations..FACT, CDU was correctly revalued to the downside as it was way over valued at $4.80 or so..FACT. The market has spoken and clearly given WM a Z- for his updated JORC and a Z- for his management skills.
The market has spoken and CDU isnt worth anything near $10 let alone $5 at this point in time.
Good luck to those who caught the low around $1.70 yesterday and made a few bucks. Management have simply failed to deliver the hype that they themselves had the market believing.
The public verbal stoning that CDU has endured is well deserved for its piss poor performance.
CDU Price at posting:
$2.22 Sentiment: LT Sell Disclosure: Not Held
