CUF 0.00% 1.4¢ cufe ltd

I'm sure last chance to top up at 2c was discussed recently, but...

  1. 931 Posts.
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    I'm sure last chance to top up at 2c was discussed recently, but this time there is much more reason that might be the case.
    West arunta is hot property, iron ore is holding up well and we have a beautiful hedge in place till the end of the year.
    You know, part of me thinks the low sales last quarter, while they kept mining and stockpiling, could have been a strategic move by the company... although they could not come out and say that.
    Selling everything we could last quarter when io price was low, and the hedge was much lower than what it currently in place wasn't a good reason to practically give away our high grade ore.
 
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