Uncle Wayne has done a Phoenix!
In this week's Gold Coast Bulletin replete with a photograph of a smiling Uncle Wayne in a Cudeco branded shirt (a stock photo no doubt!) is an article touting Uncle Wayne's new baby .."Ausmex (AMG)." This is quoted to be a gold, copper, cobalt play with as Uncle Wayne is quoted, a focus on "cobalt". It's in the Cloncurry region ,surprise surprise!
One wonders whether he'll target the "cobalt rich" tailings in the dump at Rocklands!
It states that Uncle Wayne has taken a 24% stake in the company (Commsec lists his shareholding in May as follows
Column 1
Column 2
Column 3
Column 4
Column 5
0
09/05/2017
Wayne McCrae
--
25.58%
Needless to add, I'm not cross ramping or recommending, merely informing those remaining members of the forum who have often indicated they were curious to see what Uncle Wayne was up to. No mention of Cameron though!
So contrary to his dictum at the AGMs, CDU appears not to be his last hurrah.
CDU Price at posting:
25.5¢ Sentiment: None Disclosure: Held