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Main Forum•Cudeco strong gains and large capital input coming soon?

  • Cudeco (ASX: CDU) strong gains on bonanza gold results

    cdu-asx


    Share price movement last week... note the increased volume!

    With gold grades like those represented below it is not hard to see why. (The co-credits are of great interest…. Tellurium is used for thin film cadmium-tellurium based solar applications and Australia has only two other companies with published deposits.)

    cdu-bonanza

    And adding to the excitement CDU has now gone into a trading halt. I wonder how many 100's of $millions are going to be added to the coffers?



    A quick catch-up:

    • Cudeco has now leased ex-BHP port facilities at Townsville
    • Cudeco has permission and state government financial support to build a rail line from mine to port
    • Cudeco now has a mining license
    • Cudeco has one of Australia's richest Copper, Gold, Tellurium, Cobalt deposits.

    I hold CDU

  • Hindsight: The share price for CDU spiked to $4.20 before falling back to $3.50.

    Cudeco's market capital is the problem for me as an investor: they are worth 650 mill and have not yet made a cent from digging or producing anything. In 2012 they made money from other peoples money (cash injections and a currency trade) and so made a profit.

    CDU's CFO has value, I'm not sure about CDU's projects.

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