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23.5¢ cudeco limited

Suspension continues !, page-291

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shadowboxer1

2,755 Posts.

13/02/15

09:58

Post #: 14748181
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Originally posted by Askari ↑

As the share value was about to drop significantly due to lack of funds, and announcing at the EGM the lack of sales and requirement for a huge capital raising? Thus the best course of action was to suspend trade before it dropped forcing the company to raise at a new low. This isn't a mystery. In other news Cudeco was mentioned recently in a report describing miners in the economy with a tough future due to debt and lack of opportunities for sales.

http://www.sbs.com.au/news/article/2015/02/10/bradken-makes-loss-shares-dive

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Unsure why the reporter would include a miner in with 3 mine service providers when talking about future contracts but yes tough times for every miner and contract service providers reliant on the profitability of the miners.

CDU Price at posting: $1.41 Sentiment: Buy Disclosure: Held
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