trading halt tactics, page-5

mmerd,

Or could it be:

3. They have looked at the mining plan and know that it will take a while to get the depths required for the high grade stuff in the jewelry box and without greater throughput earnings in years 1 and 2 will disappoint those expecting a $2 divi. Rather than disappoint they will attempt to get there quicker by increased volume.

4. CDUs value is likely to peak at a multiple of its forward earnings after production commences. Adding 20 or 30 years of blue sky won't add greatly to the price thus its important to bring forward production of the known resource while working to increase and develop the bluesky in Wilgar and elsewhere. This gives CDU an SP crescendo about year 2 and thus an opportunity for some to maximise their exit price.