CDU - Cudeco Limited

Are you on the substantial holders list then..?

Ken said:

are you on the substancial holders list then...

Click to expand...

haha..no, far from it unfortunately i wasn't brave enough to top up when they were 1.6c, to average out my investment.

The technology which cdu is endeavouring to bring to commercialisation is what led me to make my substantial investment in this company and whilst Rocklands has taken the limelight I believe that in time their technology will be highly profitable. It has been unfortunate that the Howard government has not come good with the funds from Telstra2 for the plant to operate at Mt Lyell. The pilot plant was successful and heads of agreement were signed between the company and the Tasmanian government. All that was required was $8 MILLION.
This technology if piggybacked on to current treatment plants can result in saving metals now going to tailings dumps and also can be used in the cleaning up of areas like Queenstown in Tasmania.Treatment of scrap is another prospect.It has applications worldwide.
I had hoped that the drilling would have begun by now to see what uranium there was on Rocklands but I will have to be patient as Las Minerale is taking first priority.

What do the mining gurus out there make of todays announcement?

The diamond hole drill photos look cool and so do the 3D presos

Wayne is sure spending some dough

The assays (pending) from those diamond holes could have some big numbers

The most important part is:

"Both of these holes are being drilled by diamond core with only a shallow 20m pre-collar. In addition to assaying the holes for copper, gold and cobalt, the core will be used for lithological, structural, metallurgical and specific gravity test-work required for our pre-feasibility studies."

We can see how easy any of that copper is to seperate and process.

The RC numbers are OK

None of this is sufficient to warrant the enormous valuation of CDU

Back at $4:15 now, a week ago $3:20. Who cares what it is worth? The more uncertainty the better

Actually...maybe I'm dreaming, but isn't that a breakout waving to us on the chart?

CDU trading halt ANN to ASX

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00675882

Does anyone have any insight as to why?

should be more drilling results from the rocklands project

CDU ASX ANN following trading halt this morning

CDU 2:46 PM Update on Diamond Drilling at Las Minerale (15 page report)

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00676054

looks good but need to wait for assay results , lets hope it doesn't follow MOX's path

The market liked the ANN and up 52 cents (12%) to $5.00

Moving upwards fast since tradind start just after 15:10

The SP is flying up and hit $5.25 high
- now dropped to $5.08 since revised ANN below

Revised ASX ANN just posted

CDU 3:39 PM Amended Update on Diamond Drilling at Las Minerale

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00676075

The SP is definately flying... what was the difference between the two announcements?

I bought in for a short trade anticipating another gap up tomorrow morning.... not sure if I will sell on tomorrows open or hold over the weekend for more press to pickup the story. Either way CDU is looking the goods!

Outstanding breakout!

tahpot --- what was the difference between the two announcements?

Three pages of pics added for 18 page report
-- words page 1 and 2 the same

SP finished at $5.31 up 83 cents (18.5% in less than one hour trading

Traded today 3,454,169 shares $17,382,233 in less than one hour trading

Highest volume since Sept 8 when 8+ mil

I am still holding this one since the AUM disaster...

Does anyone believe it will get back to the $7 level with the slow unfold of its potential?? But one thing for sure there probably wont be anymore of the %100 surges in one day.

Looking good though and heading the right way....

Hypnotic

nice pre-open..
will it break the $6 barrier today ?
hmm.. let's see

bigdog said:

tahpot --- what was the difference between the two announcements?

Three pages of pics added for 18 page report
-- words page 1 and 2 the same

Click to expand...

Ah!!! Cheers... I went straight to the cudeco website to get the announcement and that was the updated version. Thanks, makes sense now.

Looking around sites i found this little read. Wondering if anyone else is still holding this and what their thoughts are.

The following is copied from www.minebox.com

Las Minerale continues to deliver

Cudeco drilling operations


Drilling by Cudeco at the Las Minerale Copper Project located within the Rocklands Group EPM continues to deliver strong copper results.

Drill Hole DORC 175 intersected 26m at 5.03% copper from 65to 91m including 15m at 8.34% copper and 1.13g/t gold from 66 to 81m. Drill Hole DORC 176 intersected 40m at 3.00% copper from 97 to 137m including 20m at 5.4% copper from 114 to 134m and 19m at 0.82g/t gold from 114 to 133m. Drill Hole DORC 174 intersected 33m at 1.48% copper from 141 to 174m including 9m at 4.48% copper from 162 to 171m.

The company proposes to drill upwards of 50,000m of RC and Diamond Drill holes during the 2007 calendar year, within the Rocklands Group EPM, with priority drilling at Las Minerale.

Up to four very deep holes are also planned for the northern end of the Las Minerale under a large 300m wide low magnetic structure. This large low magnetic structure was identified by the geophysical survey (Sub Audio Magnetic Survey).

The area contains a large breccia formation and outcropping 50m in height and over 00m wide. The area is well inside the Rocklands EPM area and coincidentally is a short distance southwest of the company’s Wilgar Uranium anomaly discovered by CRA in 1975.

Drilling is designed to test the extension of Las Minerale and the relationship to Wilgar Uranium anomaly.

The area of interest is approx 1km north along the strike length of Las Minerale where drilling is currently being carried out. The holes planned for the large breccia are planned to be deep and between 500 to1000m to test the low magnetic structure at depth.

Wayne McCrae, the company’s chairman, said that the drill rig was only operating on 50% power on DORC 177 which was the final RC hole before the christmas shutdown. “Although grades of up to 4.74% copper were intersected the hole will be re-drilled during the next start up with full power and grades expected to be higher and the hole drilled deeper,” he said.

The company is waiting on the Diamond holes assays.

- 05 Jan 2007