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23.5¢ cudeco limited

ROH, If the company is not struggling to find funds, how do you...

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malgmac

1,503 Posts.

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26/02/15

15:35

Post #: 14824052
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Originally posted by roh ↑

malgmac,
The approach was made by Glencore to CuDeco to supply Glencore's Ernest Henry treatment plant and the shipment of 22,000 tonnes was delivered and the processed ore then went to the Mt Isa smelter.
No agreement was reached subsequent to that to provide further shipments . My understanding is that plenty of ore is available for that purpose.
Should CuDeco decide that it was in CuDeco's interest to supply more ore to Ernest Henry on Glencore's terms, that is an option.
CuDeco has not gone down that path signalling no urgency to raise money.

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ROH,

If the company is not struggling to find funds, how do you explain giving a company 5 million options for introducing an investor who put in a whopping $6 million and that was at a discount to market price.

CDU Price at posting: $1.41 Sentiment: None Disclosure: Held
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