CDU 0.00% 23.5¢ cudeco limited

At least the website is back up. But when you look at details,...

  1. 9,116 Posts.
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    At least the website is back up. But when you look at details, the corporate governance statement is from 2008, the Chairman's overview is from 2010, has no-one told them this is 2015?
    P14, clearly shows everything that is wrong with the company at present.
    It shows native copper and mentions all types of numbers except the important ones. How much of this native copper has been sorted, who is it being sold to and at what price. Plus they must think I'm moronic with maths..

    "the Crushing Circuit has been running without incident for several months at rates up to 900 tonnes per hour, almost twice design capacity."

    OK, there is 168hrs in a week, 4.33 weeks in a month. several months would be more than 2 so lets say 3. That equals about 2182hrs. At up to 900t/hr they have crushed 90,000t of NCu ore. Surely at 900t/hr it only takes 100hrs to crush 90,000 tonnes?

    Did they only have 90,000t of NCu ore to crush? I thought they had much more than that.
    Even if they only worked 5, 8hr shifts/wk, over just 12 weeks that is 432,000t at 900t/hr.

    I'm afraid p14 just doesn't add up!!!
 
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