CDU 0.00% 23.5¢ cudeco limited

WT>>>>>>>>>>>>>>>Thanks for the lesson. I'm glad you aren't...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 9,666 Posts.
    lightbulb Created with Sketch. 218
    WT>>>>>>>>>>>>>>>Thanks for the lesson. I'm glad you aren't charging me

    Let me explain it again if you didn't get it....


    In summary,
    the Company said it had 27.6 Mt of ore which contained product
    Then company after being forced to restate its ore reserve statement now says, opps, we only have 11.6 MT
    (see below from company announcement..) that's 58% LESSSSSSSSSSSSSSSSSSS

    Yes it can mine it, where did I say it couldn't.................but they have 58% LEEEEEEESSSSSSSSSSSSSSSSSS

    And I said that disgraceful but picked up by many

    And I said if they want the chunck of ore back with cobalt in it etc, then it will need more capital to change plant etc...........

    And I said that of the 44% they have left after restatement, it is based on ex and current employees inputs, and the budgets and forecast have never been accurate

    Its pretty simple

    If you don't understand that nothing I can do

    Reserves proved and probably are irrelevant to my statement above


    upload_2018-3-23_13-42-9.png
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.