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CDU, CUDECO LIMITED
stocks
post Posted: Jul 11 2019, 08:40 PM
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In Reply To: blacksheep's post @ Jul 3 2019, 11:06 AM

T4P, I called him M4P, (milk 4 profit), he IS the ramp master, look up GDN, he was a full bottle on Oil/Gas then he found Uranium, when that crashed he went to CVI, at CVI he found every thing, any poster who went against him was banned, then he moved to CDU, the rest is history.

 
blacksheep
post Posted: Jul 3 2019, 11:06 AM
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In Reply To: nipper's post @ Jul 2 2019, 05:27 PM

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.. one of the best ramp masters ...


Probably referring to Trade4Profit, a poster on HC. You'd have to say this analyst also gave CDU a jolly good "nudge" at the time with his "guestimates".

QUOTE
NOW to the long-awaited Martin Place Securities report. Seeing as Cudeco has not seen fit to update its resource statement, Dawes took the highly unusual step of estimating the size of the deposit based on published results of more than 70,000 metres of reverse circulation and diamond drill holes.

Dawes, who owns Cudeco shares and has conducted capital raisings for the company, estimated the Rocklands deposit contains over 111 million tonnes at 1.83 per cent copper, 0.24 grams per tonne of gold and 0.06 per cent cobalt over four prospects. He estimated it would cost only $100 million to develop the deposit. Curiously, even though he thinks the deposit is nearly twice the size of Cudeco's initial non-JORC estimate, he now has a one-year price target of $10 and a valuation price of $13.16 on the stock - a far cry from his initial $25 call.

Dawes said the new resource statement was expected in the second half of the year. He added his firm understood "many large mining companies have approached Cudeco and have … offered full project financing for access to the output".

https://www.smh.com.au/business/getting-to-...80504-2at7.html

Interesting article in the Australian today whereby Wayne McCrae blames the Chinese - saying getting them involved was his biggest mistake and that he blames CDU's problems on the processing plant the company ordered from China, which fell short of what CDU ordered and was never going to work.

We'll never, never know. biggrin.gif

CDU has been a fascinating stock and there are numerous lessons here for investors

Will be interesting to see who eventually picks up this "asset" and if it gets another go on the ASX. I can think of a number of mining execs who like to pick up these types of projects and package them up to be the next big thing.

According to McCrae, he's still convinced that there's a rich ore body and hopes it finds its way into the right hands - someone will make money out of this eventually he said.

So stay tuned for the sequel - CDU2 biggrin.gif Hopefully less drama than CDU1



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Jul 2 2019, 05:27 PM
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In Reply To: slipsam's post @ Jul 2 2019, 03:56 PM

looks like you're having trouble letting go, mate
QUOTE
.. one of the best ramp masters ...
- care to name?




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
slipsam
post Posted: Jul 2 2019, 03:56 PM
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In Reply To: stocks's post @ Feb 12 2019, 08:37 AM


Finally time to put the dog down.

Would be nice to see someone make a nice mini series of this debacle. Burgo could play himself.

Would be also be nice to see someone do jail time over this. they deserve it. A lot lost a lot of money due to the lies/incompetence.

Grandad? Thoughts?

 
stocks
post Posted: Feb 12 2019, 08:37 AM
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In Reply To: slipsam's post @ Nov 5 2018, 09:07 AM

the ability of this company to hang on and avoid administration is just amazing.

Well right now you could say they have trouble keeping there head above water.




 
stocks
post Posted: Feb 12 2019, 08:37 AM
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In Reply To: slipsam's post @ Nov 5 2018, 09:07 AM

the ability of this company to hang on and avoid administration is just amazing.

Well right now you could say they have trouble keeping there head above water.




 


slipsam
post Posted: Nov 5 2018, 09:07 AM
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In Reply To: stocks's post @ Sep 30 2018, 10:12 PM

the ability of this company to hang on and avoid administration is just amazing.
I thought they would have gone under years ago, but they just keep going, all the time accumulating debt.
No money, no employees, no suppliers, bugger all copper, massive debt.
Will be amazing achievement if they get up and running again, cant see it myself.

 
stocks
post Posted: Sep 30 2018, 10:12 PM
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In Reply To: slipsam's post @ Jun 14 2018, 08:17 AM

Things must be very grim financially............. LOL, not only for company but also for the long term holders who was sucked in by one of the best ramp masters HC has had.

 
slipsam
post Posted: Jun 14 2018, 08:17 AM
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In Reply To: stocks's post @ Apr 18 2018, 11:25 AM

Suspension on suspension, when will it end?
How long can a company be allowed to operate without publishing financials?
Things must be very grim financially.............

 
stocks
post Posted: Apr 18 2018, 11:25 AM
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In Reply To: slipsam's post @ Apr 17 2018, 03:18 PM

""The concept of profit or dividends is just not on the agenda"""

100% correct, was never going to happen, the BFS told them that at the very start, amazing how a company can hold back that info and not get in to any kind of trouble.

Amazing what a good ramp team can pull off.




 
 


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