CDU 0.00% 23.5¢ cudeco limited

"The recent capital raising commenced due to an offer from New...

  1. 2,206 Posts.
    "The recent capital raising commenced due to an offer from New York Brokers to CuDeco, to provide capital.."

    So were these NY brokers badly effected by Hurricane Sandy, or didn't get the expected result in US elections?

    Possibly both were factors and the 'pending' Fiscal cliff would only make matters worse.

    Messy and a distraction short term but at least the company has made the decision now. They still have plenty of funds ($130M) to box on well into next year and the project develops further every day.

    Hopefully Q1 2013 the US Fin issues are sorted out and China's new leaders are set to ramp up new projects to 'make their mark'. Copper will benefit from both.

    I think the company needs to better demonstrate the projects value, and the Primary crusher is a good starting point.
    Make a statement by running the NCu ore through the primary crusher in Q1 next year and the market should start to take serious notice.
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.