Club Mulgoa

Tuesday, May 31, 2011

CDU

It went into a trading halt pending drilling results. Good or bad?

Whichever way, the market has developed a deep mistrust of WM's figures. The last JORC-compliant resource estimate did not correlate with the good drilling results. So, how is going to be different this time?

The recent gold results were very good but how true is it?

The last time I topped up, CDU was moving like a yoyo. I have done very well out of that plunge. On one occasion, it was for a quick profit. Since I have sat on WM's boat for so long, I will sit this one out as well. He is definitely an interesting character but the figures published are mostly unbelievable, good or bad.

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