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23.5¢ cudeco limited

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Funkyroski

1,210 Posts.

81

30/07/17

22:28

Post #: 26171166
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Originally posted by sydneyguy ↑

In days gone by they used to say the same thing when it only had 200 m

Yes less than 400m and by the companies own estimations it would produce 0.06 return lom

Now add in all the supa expensive pay day loans not previously not accounted for and the extensions to the loans which resulted in extra finance charges not accounted for before the loans were required and that figure has to go down

Then add to the fact that the company just after the last cap raising at 80 cents then changed itself back to a copper and gold miner and erased all the things it said were making money, that figure come down again

The value imo remains total an utter speculation - there is no value because it is not producing a level of cashflow to pay off debt- it's merely replacing it with more and more expensive debt

As predicted
Many cap raising ago- they will need to do it again/ that will increase shares on issue and reduce the expected return again

This results in the share price going south

All they can do is maintain it's a " multi stage development "

I have lived through all the same statements on the thread- copper rising- demand- downrampers it's going up

In the end it just collapsed on itself as the speculators who go I. First sell to those who get in last and it goes lower

In times
Gone by- it spikes hard prior to a major suspension leading to a capital raising and eventually some
Late notices
Come out as some " investor" in a hotel room somewhere sells to another hotel investor

Last big gun- lost millions- rich lead who
Must know what he is doing put in 30 m---- he got smashed

As they aren't spending any money in exploration it will be totally unbelievable if they come out saying they found something more

It should also be noted they have recovered anywhere near where they needed to reach the lay cap raising forecasts - and as predicted by many here that means cashflow would be inadequate and it would need more money- enter the pay day loans at effectively 150 percent per annum- hence it's not 80
Cents

People just say the same thing on the long side- time and time again--- if failed
To deliver- gets suspended and then people get burnt

Then the new ppl come in with same ideas- rince and repeat

Eventually the punters speculating will chop each other to pieces as they have done time and time again imo

It's not different this time

More capital or die

Expand

Hi mate I'd like to introduce yourself to yourself.

Please take this as a call it even point.

Yourself is the best chance you have to fix yourself.

You are what you have and you know how to use it best.

I hope you can see the turning point as there is more on the line than ego.

Write a letter to yourself in the future and hope for something

My new motto is bag to book.

This stock ticks the box and even more so to the point of three bags full.

Coin that one .

Cheese on toast

CDU Price at posting: 33.5¢ Sentiment: None Disclosure: Not Held
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