CDU - Cudeco Limited
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Sean K
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Have they come out with a PFS yet?
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followers and holders of CDU
What is the deal here ?
CDU raised the money at $4.30 after some negotiation. Trading halt was for a week. You would presume that the people who has that much money must have been 'convinced' with a good story considering CDU was hovering at a much higher price. Then the stock slumped to $3.76 Woh ??
Now it has gone to another halt related to Capital Raising again.
My speculation is : There could have been a caveat in earlier CDU and the market slump might have deactivated the earlier CR. There could have been some insiders or better informed about the wording of the caveat who sold out.
We have to wait until Friday however to know the official version.
Until now all news of discovery was too good to be true. It reminds me the gold miner (forgot the name) whose geologist aparently committed suicide from plane after being absconding for few days . The discover was all 'salt'.
I hate to suggest that CDU is repeating that. But I get to ask - why such a slump if every thing was on board crystal clear as mud ??
Disclaimer : Yes, Do Hold CDU bought at a lower price and added some at $3.8 slumped price as well
What is the deal here ?
CDU raised the money at $4.30 after some negotiation. Trading halt was for a week. You would presume that the people who has that much money must have been 'convinced' with a good story considering CDU was hovering at a much higher price. Then the stock slumped to $3.76 Woh ??
Now it has gone to another halt related to Capital Raising again.
My speculation is : There could have been a caveat in earlier CDU and the market slump might have deactivated the earlier CR. There could have been some insiders or better informed about the wording of the caveat who sold out.
We have to wait until Friday however to know the official version.
Until now all news of discovery was too good to be true. It reminds me the gold miner (forgot the name) whose geologist aparently committed suicide from plane after being absconding for few days . The discover was all 'salt'.
I hate to suggest that CDU is repeating that. But I get to ask - why such a slump if every thing was on board crystal clear as mud ??
Disclaimer : Yes, Do Hold CDU bought at a lower price and added some at $3.8 slumped price as well
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followers and holders of CDU
What is the deal here ?
CDU raised the money at $4.30 after some negotiation. Trading halt was for a week. You would presume that the people who has that much money must have been 'convinced' with a good story considering CDU was hovering at a much higher price. Then the stock slumped to $3.76 Woh ??
Now it has gone to another halt related to Capital Raising again.
My speculation is : There could have been a caveat in earlier CDU and the market slump might have deactivated the earlier CR. There could have been some insiders or better informed about the wording of the caveat who sold out.We have to wait until Friday however to know the official version.
Until now all news of discovery was too good to be true. It reminds me the gold miner (forgot the name) whose geologist aparently committed suicide from plane after being absconding for few days . The discover was all 'salt'.
I hate to suggest that CDU is repeating that. But I get to ask - why such a slump if every thing was on board crystal clear as mud ??
Disclaimer : Yes, Do Hold CDU bought at a lower price and added some at $3.8 slumped price as well
Don't want to brag here to see my speculation was right and the CR has been withdrawn. It was a Lose Lose story for me personally as the market got CDU's bluff and reacted with another reduction after the scrip has opened.
skc
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This has to be one of the funniest announcements I've ever read from the ASX.
You want regulators to interfere selling by shareholders?!
What makes you so special?
So delaying the project is a good thing? And is CDU's operation not profitable at current prices?
A great way to finish a ramp.
I don't know how CDU holders can read this and not feel embarassed.
You want regulators to interfere selling by shareholders?!
What makes you so special?
So delaying the project is a good thing? And is CDU's operation not profitable at current prices?
A great way to finish a ramp.
I don't know how CDU holders can read this and not feel embarassed.
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That letter was written while he was red hot angry. There's spelling mistakes and grammar errors everywhere. Having said that it's a truly bizarre rant.
This is my favourite. How to spin a delay 101.
This is my favourite. How to spin a delay 101.
tinhat
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CDU and SFR have both come up on my radar. Having a look at both because I don't know anything about either of them.
Having just started reading up on them last night there seems to be potential here but the histrionics and brash style of the propaganda coming from management are a bit disconcerting. Check out the video on the home page of their website and the announcement today as examples.
Interested to hear more from those who have been watching for longer. What faith do you have in management to get this thing off the ground? How much more $$$ need to be sunk into the venture? When are they expected to start shipping product?
Any heads up to help me research into this one some more?
Having just started reading up on them last night there seems to be potential here but the histrionics and brash style of the propaganda coming from management are a bit disconcerting. Check out the video on the home page of their website and the announcement today as examples.
Interested to hear more from those who have been watching for longer. What faith do you have in management to get this thing off the ground? How much more $$$ need to be sunk into the venture? When are they expected to start shipping product?
Any heads up to help me research into this one some more?
skc
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SFR is already producing.
CDU I don't know about it operationally but the recent share price movement has a lot more to do with flow rather than fundamentals.
tinhat
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I jumped onto CDU yesterday. I had a bid in during the closing auction the day before but missed out - my limit was 0.5 cents too low and I had to pay 5c more yesterday.
I stayed up until 2am reading everything I could about this company. There is a lot of misinformation floating around and I can understand that there are a lot of people whose judgement may be clouded by the fact that the share price went from $4 to $1.40 recently as the stock got shorted and a insto with a large share holding sold out.
The CEO/Chair McCrae is an interesting chap with an interesting history of delivering on mine development. I'm impressed with how he has managed to fund the development of the plant (share placement to Sinosteel for them to deliver a turn-key processing plant with power generator) and how he has taken on certain civil works himself because the quotes were too high (concrete pad for crusher, etc).
The only thing that worries me is the extent of ownership by foreign customers. Once large shareholder is looking to up their stake by 5%. The company is potentially priced for take-over which would be a bit of a tragedy if foreign interests were able to snatch up a fledgling miner with good potential for a bargain - but we have seen that before! Otherwise, we have seen companies like MGX which is controlled by its foreign buyers hoard cash and ignore the interests of the retail investor.
Another risk seems to be crushing and processing the natural copper. From the little reading I did last night that can be harder than it would seem - separating out the nuggets from the waste. It will be interesting to see how successful their plant is at processing the natural copper.
At this price and looking the chart and with my outlook on copper prices (upside potential) I think the risk is right to jump on for a ride. If it wasn't so expensive to get out to Cloncurry I wouldn't mind going out and looking at the mine.
I stayed up until 2am reading everything I could about this company. There is a lot of misinformation floating around and I can understand that there are a lot of people whose judgement may be clouded by the fact that the share price went from $4 to $1.40 recently as the stock got shorted and a insto with a large share holding sold out.
The CEO/Chair McCrae is an interesting chap with an interesting history of delivering on mine development. I'm impressed with how he has managed to fund the development of the plant (share placement to Sinosteel for them to deliver a turn-key processing plant with power generator) and how he has taken on certain civil works himself because the quotes were too high (concrete pad for crusher, etc).
The only thing that worries me is the extent of ownership by foreign customers. Once large shareholder is looking to up their stake by 5%. The company is potentially priced for take-over which would be a bit of a tragedy if foreign interests were able to snatch up a fledgling miner with good potential for a bargain - but we have seen that before! Otherwise, we have seen companies like MGX which is controlled by its foreign buyers hoard cash and ignore the interests of the retail investor.
Another risk seems to be crushing and processing the natural copper. From the little reading I did last night that can be harder than it would seem - separating out the nuggets from the waste. It will be interesting to see how successful their plant is at processing the natural copper.
At this price and looking the chart and with my outlook on copper prices (upside potential) I think the risk is right to jump on for a ride. If it wasn't so expensive to get out to Cloncurry I wouldn't mind going out and looking at the mine.
skc
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It looks like a good trading buy to me. It's massively underperformed in the last 3 months in the copper sector so a bit of disconnect between it and the copper price on a relative basis. They also just announced that the major shareholder applied to FIRB to increase holding to 19.9% (doesn't mean they will). So there's perhaps a little bit of short term bid in the name.
The chart is right on resistance at current level.. so a break of $1.90 will trigger plenty of stops for the shorts and really not much resistance until $3.
Note I have no opinion regarding a longer term hold.
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I find big gaps like this hard to trade. You holding skc?
skc
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Yes... either you need a profit target or you got to be prepared to give back lots of open profits.
I had a 20 tick trailling stop so got taken out at 213...
Not a terrible trade but not awesome either.
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I have a take profit level, but if it pushes hard through that early on, like today, I like to hold and see how far it can go. But I got stopped as it fell back through it. I need to study breakaway gaps.
skc
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It came down to 207 so you were close... Don't be a dick for a tick
:I've been staring at it waiting for a re-entry but it's very hard to get back in once you are out.
I think it's more to do with reading the chart/dom and understanding how CDU trades (which is basically wild and uncontrolled). It was easy to trade in the sense of being able to make profit, but hard to trade if you want to maximise the outcome and make it a massive R/R trade.
