I am just a long-retired lay person and I take out an investment as in interest. I do not trade.
I am what I call myself a 3rd time loser if CuDeco fails.
Fisly, I lost all my money in Real Estate on the Sunshine Coast in the 1980s boom and bust period. Then I had severe losses in Telstra 2 Tranche when price collapsed and concurrently Cumminscorp Limited went into liquidation and I lost 100% cold.
So thirdly, CuDeco was in the news at the time and a friend said it could do well. I decided to invest in CuDeco for the copper. I am still holding and waiting to see if I can finish off a winner not a third time loser.
I base my reasoning for staying in CuDeco on the Geological Report undertaken for Xstrata which indicated that Las Minerale had the best ore in that area of North Queensland. CuDeco holds the best Tenements.
I honestly have no idea what price CDU will trade on re-trading but hazard a guess between 80c - $1.00. The reason being 80c is a good price for CDU with Rocklands so close to production. Institutions may see it time to buy CDU for dividends.
cheers,
Max
CDU Price at posting:
$1.11 Sentiment: Hold Disclosure: Held