CDU 0.00% 23.5¢ cudeco limited

The fall of 58 percent in the reserve didn’t come from the...

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
    The fall of 58 percent in the reserve didn’t come from the Chinese changing the mining plan and the parameters multiple times

    The company was forced into a suspension and asked to redo its statement because it’s plans or schemes as I like To think of them were not reflective of reality

    How do you process ore and produce revenue from cobalt and magnatite when the company redesigned the Plant and then abandoned such things when it comes out and says after it’s rights issue at 80 cents- we are just a copper and gold
    Miner- that’s all we are going to produce? You can’t

    You therefore one shouldn’t forecast revenue of products you don’t and can’t process in your mining plan - As a consecquence this was removed ( cobalt etc) and other parameters put in which better reflected reality

    As a consequence down58 percent

    This imo will affect the soon to be released financial accounts
 
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.