CDU 0.00% 23.5¢ cudeco limited

Suspension continues !, page-715

  1. 1,503 Posts.
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    Shadow,

    Without a DFS, a loan to fund the project would be unlikely. If they had finished the DFS who knows.

    So they had two avenues of funding,DSO sales and equity. They have not raised a cent from the DSO sales yet, yes they have a deposit but thatis all. Announcement after announcement of riches pulled from the ground but no sales. SFR were selling DSO within 6 months of mining and they had no NCU.

    Why did the company not come out and say we need x $ to get to production and do a raising. At this point shareholders still do not know how much is needed. In 2013 we were told we we were fully funded.

    Other companies with a large capital project get the financing in place before they start which is how a project should be managed. You can not tell me CDU had a financing plan. Just look at all the bits and pieces placements.

    If a company not get financing or equity in place, they should not start the project. CDU,s current market cap is way below she holders equity. Contrast that with SFR equity and market cap.
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