Mmmmm...... maybe trouble ahead. IMHO, it's very easy to take a space in time and try and start again, hoping that all the bills, debts and troubles will just go away.
Well certainly the employees have "gone" away in their droves. That would have probably saved them (CDU) a few million in redundancy costs.
So let's start the plant again.
Where are the loyal staff and employees coming from. The ones who may not get paid ......
Probably the same place the suppliers are coming from......... magic land....... with boot loads of credit to hand out.
I just hope the regulators, state and federal are in that same magic trance and .........
Or wait a minute, maybe some twisted dog loving contractor might wheel in and have a crack.........opportunities going for 20-30 mill, no refunds !!!!!
Everything will be "Cash up front", so that no debts are racked up again with lucrative promises of payment........ next week...... that never comes.
So, IMHO
Issues ahead
Who's going to work there for free. ( bear in mind you need a minimum number to run it safely)
What supplier will supply at high risk of not being paid unless its "Cash before delivery"
Will the state regulators give them more free run without paying their financial bonds.
Has the Tax and Super been paid for the workers
Have they got the 5 million to build the new tails dam to keep going ( apparently the first ones near capacity)
If this is coming in a loan, that means they would have to make profit to pay back a loan....... or don't they have to worry about it.... nudge nudge, wink wink.
DYOR
CDU Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held