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zzedzz

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  1. zzedzz

    CDU

    sook, I never did see any logic in the buybacks and I posted that many times. It was always a drain on precious cash. Part of the logic seemed to be to support the shareprice. The markets will always go where they want to go and therefore any such support is meaningless over the long term. Good interim JORC's were what was needed to support the shareprice.
  2. zzedzz

    CDU

    Abuman, Would you like to show us your calcs that produce a healthy return per share please?
  3. zzedzz

    CDU

    Bendo, I just used the 2% number from the CDU announcement saying that they will mine the 11 million tonnes that averaged a higher grade first. As they will have to process some of the lower grade stuff as well, its actually liely to be something less than that 2% number in the end I feel. The throughput number come from their EIS plan.
  4. zzedzz

    CDU

    From where I sit, i feel that the legal action proposed by CDU has in fact backfired. At the moment CDU needs the biggest cheer squad that it can muster, but its been closed down over at HC. Would the plunge have been less yesterday if the cheer squad was able to pump out its positive messages? As a result of HC shutting the thread, they shut down the cheer squad which was always much larger than the detractors. Rather ironic. The JORC may have doubled the resource that was proven, the lower grades reduced what copper and revenue would be produced in the early years. That reduces any profit and therefore dividend. The market didnt expect that as they was plenty of discussion at 3% levels rather than 1% levels. If you take into account the time to real mining plus the planned ramp up from the EIS statement with year 1 processing .75 m tonnes, year 2 1.75, year 3 2.25 and year 4 2.5 at a maximum average of 2% according to the announcements, then the output of copper is low. Year 1 15,000 tonnes, year 2 35,000, year 3 40,000 and year 4 50,000. The returns over the next 6 years will be a lot lower than most expectations.
  5. zzedzz

    CDU

    cmitre, We need to be a bit careful. They have said that there is 11.66 million tonnes at 2.05% copper equivalent. It is very doubtful that you can organize to mine just that part and not other parts along with it. No doubt the shape and position will be such that you need to mine other ore around it over the 4 years which will lower the average % copper actually mined each year over the 4 years. That means the 60,000 tonnes equivalent will in reality be something less per annum as the other ore will need to be processed along the way. On the face of it, the JORC numbers appear to be about one third to one quarter of what many were predicting. Its therefore not a surprise that most holders have been disappointed.
  6. zzedzz

    CDU

    James crawford, The first year cant be 10 million tonnes. The planned maximum plant capacity is 3 million tonnes per year. It cant be more than 3 million tonnes in the first year.
  7. zzedzz

    CDU

    RPfahey, I dont like to see holders lose money. My posts over the years were intended to save people money. Simple really. There are some that email me and have thanked me for getting them to take an objective view along the way. I am glad that I have been able to save some along the way. However most holders follow the crowd which once again has turned to disaster. Its important for investors to do their own research and take their own decision rather than be swept along by the cheer squad. Debate is healthy I believe. What is not healthy is the fact that the cheer squad always comes down heavily on any naysayers. In the end that mostly proves to be to the detriment of the cheer squad and those that simple follow.
  8. zzedzz

    CDU

    Possum, I havent bought any CDU in the last 12 months. Sorry but your assumptions are completely wrong and not based on any fact. I have no intention of buying any now. I have less inclination than at any time in the past based on the whole process of stretching this announcement out for 4 years.
  9. zzedzz

    CDU

    Possum, No I am not a buyer. I have been concerned by the level of optimism and over on the HC site have been warning readers for a long time to expect less than they bargained for. The lack of information flow is the big negative for this stock. The 4 year delay in getting this JORC out has hurt holders badly. Holders ought to have other opinions that they can take into account rather than just accept all the overly positive stuff that has been promoted on this one. With 10.5 million sold today, there are many disappointed holders and many believed all the positive hype.
  10. zzedzz

    CDU

    Pukin, Your $2.65 number has now been hit. New low for the day at $2.63 and 8.7 million traded. It gets uglier by the hour.
  11. zzedzz

    CDU

    It has a new low for the day at $2.75 with close to 8 million traded. All that bought today are under water as its near the days lows. Most holders were expecting a heck of a lot better than this and must be rather shocked at the result. I had thought for a long time that the continued delays in releasing this JORC could not add up to good news, but the cheer squad howled that concept down. Logically, if the numbers were to be better they would have been announced long ago as very good news.
  12. zzedzz

    CDU

    Fitzgerald has a real crack. He is scathing. It is very interesting indeed that the HC shutdown has taken place just one day before this momentous announcement. I do feel sorry for those that have now lost a lot of value in this process. It goes to show that following the pack isnt always the answer. It is sensible to look at the arguments of naysayers and weigh up all the factors rather than get carried away with all the hype. Hopefully lessons will be taken from this one that will provide some protection in the future.
  13. zzedzz

    CDU

    Today's numbers seem a far cry from what was expected. In 2006 they had 25 m tonnes inferred at 1.6% copper Today its 10 m tonnes inferred at .8% copper 11 m tonnes indicated at .8% copper 20 m tonnes measured at .8% copper Its a far cry from the 100 m tonnes numbers that many were predicting and the cutoff % appears quite low compared to what was expected.
  14. zzedzz

    CDU

    After 4 years of waiting, the shareholders have been hit hard with that announcement. They were expecting no doubt, more than a 35% lift in price but have been slapped with a 35% fall instead. Its a long time to wait to get that sort of news.
  15. zzedzz

    CDU

    A new low of $2.85 has been hit. Nearly 2 million traded
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