There is profit to be made at Cudeco. But not at the $pt that they are currently absorbing.
A company that is not forced to endure (has to be) around 10mil$ Au a year in interest, 5mil $Au a year in Board fees (including flights and costs to perform/shares etc), legal fees, court costs, mates rates etc might actually turn a profit with a smaller throughput and a leaner management.
But its the same all over QLD....Look at MRV..they will have similar issues with recruitment and staff selection, overheads, legal fees etc.
But who am I to judge.
...dyor btw... as always..
CDU Price at posting:
23.5¢ Sentiment: Sell Disclosure: Not Held
