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CuDeco crashes after update


Barry FitzGerald


August 18, 2010 - 12:39PM


Wayne McCrae's CuDeco has come crashing back to earth after an updated resource estimate for its Rocklands copper project in north Queensland massively disappointed the company's faithful followersÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¦ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¦ÃƒÆ’Æâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¦.





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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.

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Dimit, am wondering the same thing. Just wish they'd get that next announcement out so we knew. If they haven't included it though it would have been nice to have had some explanation with the current announcement. All very soul destroying at the moment.
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$3 resistance is now gone, next stop $2.50 and if that fails then $2 followed by $1.50 and $1. I'm glad I'm out as this is looking very nasty atm.


If the native copper is not included, their should have been a note to that effect with the announcement, otherwise the management could be liable for understating the JORC which in turn could open them up to a serious legal challenge.



Any expression of opinion(s), view(s) or any other matter(s) herein, weather directly or indirectly, are not an offer or solicitation of an offer to buy or sell any securities or financial instruments that may or may not be mentioned. All sources of information are believed to be reliable; however combi does not represent or guarantee the accuracy of any statements made herein. Before any investment decision is made a registered investment advisor should be consulted in the appropriate jurisdiction.



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