CDU 0.00% 23.5¢ cudeco limited

Tim Koitka's anniversary

  1. roh
    4,061 Posts.
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    The late Tim Koitka's anniversary occurs on the 22nd August. Tim Koitka and Wayne Mccrae first visited Rocklands in 1985 when they endeavoured, without result, to do a joint venture deal with the owners who were mining copper of a 40 % grade. Rio [ formerly CRA ] also showed interest in Rocklands describing the area as a potential for a large scale copper deposit.. They also were unsuccessful in negotiations. Subsequent to that, copper prices declined and mining ceased.
    By chance in 2005, Tim Koitka was informed that Rocklands was for sale, arranged a meeting, and negotiated a deal to add the property to CuDeco's assets. We have much to be grateful to Tim Koitka for.
    This was recognised by Wayne McCrae in his closing remarks to the 2007 Annual Report "Tim's legacy will be the Rocklands Project. I do not intend to let him down".
 
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