Imagine if someone wrote in and asked if WM had sold any shares, they wouldn't have got the opportunity to continue the waffle process.
Lucky they didn't put any names on those lame questions, could have been written by anyone
Seems like the proposed capital raising of 63M which has to be decided whilst in sussss spension is ESSEENTIAL to CUdeco's Funding plans, and without that money there is a problem, its not like they can make money selling and native copper as that apparently was just some sort of a test pit for the crusher and mining has stopped.
Thankfully the HKK listing is still a potential event to unlock the value.
Sounds like everything is on track, Substantial shareholders are in and supportive, Wayno has been paid out as per his contract which he got being CEO, hope they covered any losses on all the free shares he accumulated during his high paid job...
All in all sounds like there is no problem at all, they can even raise more money outside of the Rich Lead price and the shareholders upcoming 80 rights issue if they want now that they have got the 15% exclusion with Resolution 6 passing.............
and they will imo, but at a lower price.
Lucky they built that enormous pit to get a some ore for the testing of the crusher.
CDU Price at posting:
$1.11 Sentiment: Sell Disclosure: Not Held