Production Update, page-19

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SurfsUpDoods

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08/04/18

14:32

Post #: 32300299
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Originally posted by buddy134 ↑

##""Well, i have been informed that work at mine restarted 5 weeks ago.
At least for the contractors OZ Mining. ""##

That could mean a lot of things....

After all, what are OZ Mining actually doing.??

Are they just fixing up roads, or are they pumping water out of the pits or whatever else.??

But and most importantly are they actually doing mining and processing Cu ready for the sale or what....??

Who knows...............NOT me, and based on past experience with CDU we might will never know.

Most importantly, is OZ Mining getting paid for their work.??

All I am concerned about it at present is that we are in suspension and God only knows if and when we will ever come back trading...............It all depends of what the Auditors and the Accountants will have to say. .................. After all, no Accountants will ever continue to recommend that they can continue mining if they are not able to make any profits out of it, and reduced/eliminate their debts.

As such, and unless another benevolent Institution will come up giving/donating us some money and/or doing another CR, things might look a bit grim.

Time will tell.

In the meantime, you can rest assured that the Executives and the ones sitting in that Boardroom will continue to be getting paid quite handsomely, while some of us are sitting on hot coal wondering if we are going to loose everything we have invested in this smelly HOT DOG.....

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No buddy. He was not on site while the mine was shutdown.
So obviously not part of flood repair.

CDU Price at posting: 23.5¢ Sentiment: None Disclosure: Not Held
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Production Update, page-19

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