Club Mulgoa

Monday, November 12, 2012

CDU

It raised money recently and market is always suspicious why capital is required.  But it raised at $4.30 from institutions and sophisticated investors.  Today, the share price has plunged to $4.00.  Ouch!  But it is on the verge of being a producer... and more minerals have been uncovered.  Either the big boys don't understand or this is a bad stock to hold.  You will only know the answer when profit or loss is announced or when a Chinese company comes knocking on the door.

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