If this was a Hollywood movie you would walk out after 15mins as...

First 10 Last

Share
Profile

Follow
h00ts

35,875 Posts.

3285

18/07/18

08:31

Post #: 34409784
Share

Originally posted by sydneyguy ↑

So Simo payments 20.1 m?

Payday Loans?

Mitsui prepayment money spent and unknown amount of copper still required to be delivered by end of year -

So not
Much cash flow coming in

Now a new 10 m usd prepayment already fully drawn from nobel- and like
Mitsui no details of how much copper has to be delivered in the future

Two Directors have resigned

Reserve has collapsed over 50 percent

General manager has resigned effective immediately
General manager has been replaced by project manager of mining
Contractor who is rumored to have left the site

CEO has left and will be replaced with the help of the past ceo who is working as a consultant to the board- or what’s left of it

The chairman acknowledges that the shares aren’t trading and they are doing their best to get this sorted, which will be when they can convince the auditors that it can continue as a going concern, only once they do this will they complete the audit and the accounts

Production in last quarter was about 13500 tons of comcerntrate after moving half of Cloncurry, but a New part Installed months ago will
Now suddenly result in future improvements plus the next six months will See an expected improvement as there is new enthusiasm

Be surprised at if this is opened up
To trade on the exchange
Any time Soon

Expand

If this was a Hollywood movie you would walk out after 15mins as the plot was to far fetched to be remotely believable - But its really happening as they say sometimes Truth is Stranger than Fiction

CDU Price at posting: 23.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

HotCopper Highlights: Your most watched stocks for Week 48, 2024

There are more pages in this discussion • 9 more messages in this thread...

First 10 Last

Add CDU (ASX) to my watchlist

If this was a Hollywood movie you would walk out after 15mins as...

Top Stories

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Resolute shares bounce back as second payment made to Mali government to secure workers' release

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

HotCopper Highlights: Your most watched stocks for Week 48, 2024