re: when the volume will settle down
Has anyone bought a copy of the top 100 recently ? the buying urgency could be the loan stock program getting close to their 5% quota. ?
More importantly what about the port ? if DSO sales are to be the saviour for cash flow and further dilution is to be avoided how is the port build going ? reports said it was due to start in January this year yet a search of the townsville port website rates not 1 mention of Cudeco nor does it appear in the list of 66 associated companies ?
The Western Star newspaper report Quotes W.M as saying their is no spare capacity in rail and port for bulk concentrate shipping yet DSO will require even more tonnages to be moved.
Seems to me if we are to avoid having another cap raising that the port facility needs to be at an advanced stage - Anyone been to Townsville recently ?
hOOt
CDU Price at posting:
$1.54 Sentiment: None Disclosure: Not Held
