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Business Description: CuDeco Limited (CDU) is a mineral exploration and evaluation company. CuDeco's main focus is its Rocklands Group Copper Project in Cloncurry, Queensland. The project is under development following the granting of the 30 year Mining Leases in late 2011.
Strategy Analysis: 2010 is a year that CUD would prefer to forget, with shares falling 48.85% on 18 August 2010 on the back of an updated resource estimate announcement. Its underlying strategy is to achieve maximum share value via the systematic exploration, discovery and delineation of the numerous defined mineralised occurrences evident at its large copper-cobalt-gold mineralisation at Rocklands. CDU have no intention of joint venturing or selling any equity in the Rocklands Project and intend to develop the deposit itself.
CuDeco reported negative cash flow of $20.97m for the quarter ended 31 December 2012. Operating cash flow for the period was $(10.47m). Payments for exploration and evaluation were $(2.51m). Investing cash flow was $(10.31m). Financing cash flow was $(186,000). Cash in hand at the end of the quarter was $75.38m.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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