CDU - Cudeco Limited
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ALFguy
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• DORC-103 intersected (down-hole) 60m @ 1.67 % Cu from 146-206m, including 19m @ 3.92% Cu and 2,250 ppm Co from 151-170m.
• DORC-102 intersected (down-hole) 46m @ 0.57% Cu from 29-75m.
Does anyone have an idea where these holes are located on the mineralised trend map accompanying the announcement?
The resolution is pretty bad and my eyes aren't what they used to be
• DORC-102 intersected (down-hole) 46m @ 0.57% Cu from 29-75m.
Does anyone have an idea where these holes are located on the mineralised trend map accompanying the announcement?
The resolution is pretty bad and my eyes aren't what they used to be
ALFguy said:• DORC-103 intersected (down-hole) 60m @ 1.67 % Cu from 146-206m, including 19m @ 3.92% Cu and 2,250 ppm Co from 151-170m.
• DORC-102 intersected (down-hole) 46m @ 0.57% Cu from 29-75m.
Does anyone have an idea where these holes are located on the mineralised trend map accompanying the announcement?
The resolution is pretty bad and my eyes aren't what they used to be
"New drilling results extend the strike length of the Las Minerale zone 50m to the northwest."
Oh! You wanted the exact location?
ALFguy
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sangshim said:
Just a little confused because they note the coordinates but I can't see those holes on the map. Maybe they were left off - like a treasure hunt!!
Am trying to get an idea of how big the zone is and guestimate a bit.
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ALFGuy - change the zoom settings when you view the PDF and its easier to see (set zoom to 200% in acrobat). They're the last two assayed (dark red) holes on the top left of the diagram, they're right next to all the other holes that have been assayed so far but 50m further along. (so all they do is confirm the strike has been extended by 50m - which was the figure used on either end of the strike for the 25m inferred figure). There's also other holes shown that they've drilled but not assayed yet.
Drilling results boost CuDeco shares
July 20, 2006 - 7:44PM
Shares in copper explorer CuDeco Ltd went for another rollercoaster ride on Thursday after the junior company extended the size of the Las Minerale deposit.
The former Australian Mining Investments Ltd has been drilling at the deposit, part of the Rocklands group copper project in Queensland, with the latest results sending its shares skyrocketing to $3.79, up $1.51 or 66.2 per cent.
CuDeco said the latest drilling results extended the strike length of the Las Minerale zone by 50 metres.
Better intersections from the drilling included 60 metres grading 1.67 per cent copper from a depth of 146 metres.
The drill hole also returned the highest cobalt assay to date of nine metres grading 0.39 per cent cobalt.
More than 10.3 million shares were traded in the stock, worth more than $30 million.
CuDeco shares ran up to $10.00 earlier this month after it said the Las Minerale project hosted a resource of more than 59 million tonnes grading 2.04 per cent copper equivalent.
The company was later forced to clarify the resource, resulting in a halved figure of 25 million tonnes grading two per cent copper equivalent, sending shares as low as $2.55.
-----------------------------
Now SMH started to report news in a neutral way....
July 20, 2006 - 7:44PM
Shares in copper explorer CuDeco Ltd went for another rollercoaster ride on Thursday after the junior company extended the size of the Las Minerale deposit.
The former Australian Mining Investments Ltd has been drilling at the deposit, part of the Rocklands group copper project in Queensland, with the latest results sending its shares skyrocketing to $3.79, up $1.51 or 66.2 per cent.
CuDeco said the latest drilling results extended the strike length of the Las Minerale zone by 50 metres.
Better intersections from the drilling included 60 metres grading 1.67 per cent copper from a depth of 146 metres.
The drill hole also returned the highest cobalt assay to date of nine metres grading 0.39 per cent cobalt.
More than 10.3 million shares were traded in the stock, worth more than $30 million.
CuDeco shares ran up to $10.00 earlier this month after it said the Las Minerale project hosted a resource of more than 59 million tonnes grading 2.04 per cent copper equivalent.
The company was later forced to clarify the resource, resulting in a halved figure of 25 million tonnes grading two per cent copper equivalent, sending shares as low as $2.55.
-----------------------------
Now SMH started to report news in a neutral way....
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ALFGuy - in the 17th July report, in the second part towards the end after the first lot of diagrams and assays, where it provides the post-june drilling update there's a map thats a bit less fuzzy (though it doesn't have the new holes drilled since of course - but at least lets you figure out a lot of them).
I understand that there is due to be a further report on drilling progress toward the end of the month. This is on top of the one today. The CU% of some of these intersections are pretty impressive and the drill teams are working around the clock at the moment. Exciting times aren't they!!!
ALFguy
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cuttlefish said:
Thanks cuttlefish, think I'll take a look at that.
The one in the current ann was pretty bad quality, even when zoomed.
Am trying to learn more about how to value these resources, what all the figures mean etc. More informed punts
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Trust Wayne Macrae
CDU is a take over target! and he's doing everything he can to increase shareholder value by digging 7 days a week to prove up the resource before a hostile take over gets underway!
so just enjoy the ride
$5 $6 tomorrow!
Back to $7.00 it goes!
CDU is a take over target! and he's doing everything he can to increase shareholder value by digging 7 days a week to prove up the resource before a hostile take over gets underway!
so just enjoy the ride
$5 $6 tomorrow!
Back to $7.00 it goes!
BUY
Number Quantity Price
1 666 4.900
1 666 4.850
1 666 4.800
4 9,300 4.500
1 18,000 4.200
2 31,500 4.100
1 50,000 4.050
8 45,505 4.000
1 7,000 3.960
1 7,500 3.950
SELL
Price Quantity Number
3.200 6,000 1
3.340 1,500 1
3.680 7,000 1
3.690 10,000 1
3.700 13,500 3
3.750 225 1
3.780 1,887 1
3.790 10,210 4
3.800 30,000 2
3.830 4,000 1
Buy orders are increasing.
May start at $4.3
Number Quantity Price
1 666 4.900
1 666 4.850
1 666 4.800
4 9,300 4.500
1 18,000 4.200
2 31,500 4.100
1 50,000 4.050
8 45,505 4.000
1 7,000 3.960
1 7,500 3.950
SELL
Price Quantity Number
3.200 6,000 1
3.340 1,500 1
3.680 7,000 1
3.690 10,000 1
3.700 13,500 3
3.750 225 1
3.780 1,887 1
3.790 10,210 4
3.800 30,000 2
3.830 4,000 1
Buy orders are increasing.
May start at $4.3
ALFguy
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Hi Sangshim,
appreciate the info.
Any idea what the IPA is looking like now?
appreciate the info.
Any idea what the IPA is looking like now?
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likewise, I bought into today encouraged mainly by comments late last night by an analyst from Macquarie Bank on SKY NEWS that seemed to think that the drill results could easily see the price again @ $10pharaoh said:
I was fully expecting that the shares would rally today.... they didn't so I decided to buy.
This post must not be construed as "ramping" if anything it is an admission of my own gullibility!
We will see......
Hey guys
Next round of ann's will prive the resource.
My gut feeling is these are the times to stock up, esp if it gets below $3
Many are waiting until the resources are "proven"
By that stage getting in, profts will be good, I am hoping that by getting in now, profits down the track will be spectacular.
Here's hoping
Next round of ann's will prive the resource.
My gut feeling is these are the times to stock up, esp if it gets below $3
Many are waiting until the resources are "proven"
By that stage getting in, profts will be good, I am hoping that by getting in now, profits down the track will be spectacular.
Here's hoping
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Etrade depth has CDU in preopen still
there is a drill ann. (reasonably good) but cant see a Halt notice what gives?
there is a drill ann. (reasonably good) but cant see a Halt notice what gives?
ALFguy
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The latest ann is pretty good but the usual buying frenzy hasn't kicked in.
Be interesting to watch what happens to this later today.
Be interesting to watch what happens to this later today.
