Sounds like bloody Allied Capital's press release(s), only copper not loans.
CDU - Cudeco Limited
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Sounds like bloody Allied Capital's press release(s), only copper not loans.
Whats the SP going to be after the next CR, you think that's bad news, wait until they give us the grades from the mine.
Well Well, just had NEWS from the mine site its all over, what's happened to the ramp team.???????????????
tinhat
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Do you have any source for info? What an education that stock was. I managed to sell for a modest loss. I had two opportunities to sell at a small profit and ignored them both. It just goes to show that cowboys can play with lots of other people's money through the ASX. I wonder whether the plant has any economic value at all? Supposedly there is a huge pile of copper ore on the ROM pad. I wonder what value it has. It will be interesting to watch what happens with the assets.
Tinhat, you was dam lucky that you could unload some of this dog, the word in town is that nothing is moving at the mine,###It will be interesting to watch what happens with the assets.#### LOL,LOL, WHAT assets, all the rolling stock is second hand JUNK, the plant is not able to work the way its set up, and WHO knows what copper they have, you are so lucky to have got rid of some.
tinhat
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I haven't read the prospectus released the other day. The ASX have problems with it which is why they issued to stop order on the capital raising. I'm amazed at how drawn out this has become. Since the beginning of 2015, this stock has spent most of the time suspended from trading. Whatever happens to this company as a legal entity (whether it is wound up or bought-out by the majority shareholders, etc) it is foreign controlled now. It will be interesting to see whether the small investors get anything back.
In my opinion there appear to have been governance and disclosure issues with this company for years now. Announcement upon announcement appear to have made projections and statements of fact that history has shown to be very inaccurate. I'm amazed that a law firm hasn't taken up a class action on behalf of shareholders.
A true train wreck. In fact, given the enormous boom the copper sector went through globally, for sharemarket investors the Aussie copper sector was a disaster which foreign interests seemed able to pick-off with ease, with the exception of Sandfire Resources.
I'm having a dabble in Tiger Resources and Finders - underwater with both. Let's hope the bottom is in.
Tinhat, Announcement upon announcement appear to have made projections and statements of fact that history has shown to be very inaccurate, Yes!!!! who knew that this was NOT GOING TO BE PROFITABLE way back when copper was much higher?????, some one is going to be in the poo poo big time.
