some thoughts, page-15

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roh

4,061 Posts.

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13/11/14

23:52

Post #: 14287868
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Originally posted by h00ts ↑

"Wayne McCrae has done a absolute fantastic job in bringing what was once a struggling nothing much of a specky to about to become a major producer supplying Glencore,"

Hold on there cowboy ! no deal has been done with Glencore as yet !! they have only just started to run a 20kt trial - Yes W.M has done a fantastic job to get CDU to where it is today - lots of people ( staff , contarctors and dare I say even the QLD Govt ) have benefited from hundreds of millions of dollars of infrastructure and exploration spend.

Cloncurry shire has also done very well , and for all of this W.M and his hard working staff are to be commended - But lets get this clear W.M is no Gail Kelly from Westpac shareholders are yet to see any substantive $$$$ benefit from many years of faith and opportuity cost from locked up capital and most of them are significantly underwater given the share price was $6.50 in 2009 when then number one shareholder Dundee was bailing out banking a 100% profit in quick time - While most of the faithful on here thought they were mad.

We only need to go back 11 months to December last year to see the punters who took part in the $2.50 SPP who are now also looking north of a 50% loss in less than 12 months. Its alright for people like you ROH who were in early in the AUM days but most punters who jumped on board after the intitial 2006 discovery hype are doing their shirt !

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hoots,
You were the one who first raised the 1 million tonnes to Ernest Henry. . I agree with you. You got it right before. I reckon you are on the money again.
Nobody has lost money till they sell and there are only small volume sales going through.. The big boys are not selling.

CDU Price at posting: $1.16 Sentiment: Buy Disclosure: Held
6 Upvote

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