CDU 0.00% 23.5¢ cudeco limited

Well the auditors may have asked for the assets to be valued on...

  1. 1,501 Posts.
    lightbulb Created with Sketch. 11
    Well the auditors may have asked for the assets to be valued on an economic return basis. While not telling shareholders or the market anything at all, internally, they would have a realistic idea of what the future returns may have looked like.
    The only thing we have had is prelim financials in 2012 which showed sales of $3.9bill over 10 years.
    Based on current prices and FX Cu & Au would give $2.4 bill
    If you added in cobalt it would come to $2.9 bill

    So does anyone think they will sell the cobalt, if not then they are down $1.5 bill on revenue from their prelim financials. I am sure they have a model they update regularly internally.

    So if the lower sales figure is in the ballpark, they are not going to generate much if any profit at all.
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.