Sad day for CDU holders.

  1. 14.8k
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    WOW!!!!!!, T4P, what happened to the $111Billion Dollar mine, you know the one that had every truck hauling 250K of Copper EVERY load????.
    You called it Wrong at GDN, you called WRONG at CVI, and you called WRONG at CDU, can we now take it that after three strikes you are now OUT.

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  2. 68.7k
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    i guess the shareholders didn't have a couple of billion in their pockets to mine

    BTW does anyone know how many truck( loads ) were actually sent anywhere .. i saw some pictures of them being loaded with something ( i hope it wasn't share-holders coins )

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    I hope that dear old Nev and his mates (including ROH and his sister), are very happy about it.

    I wonder if they are still meeting every morning in that coffee lounge at the Gold Coast and counting their money they were going to make with CDU.

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  4. 2.0k
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    ""( i saw some pictures of them being loaded with something ( i hope it wasn't share-holders coins ))""

    Yes I saw one about a road train full of bags on site but now guess what...................WE HAVE THIS ONE.

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  5. 2.0k
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    Yes, the road train full of copper. Where did it go to.........(If it was true anyway), and where did that money go if the Chines paid for it.??

    I don't know and I can't remember, but you can tell me.

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  6. 68.7k
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    i don't know for sure but most of the money probably got used to pay outstanding loans and transportation costs
    would have been interesting to see how many of those bags made it intact to the port , maybe the road of copper is the highway to the port ).
    those bags aren't cheap if bought new

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    Like many of the things about CDU, and what happened with it all along, we will never know.

    The only thing that we might be told a little bit about it, was the huge salaries collected by the Managements, including the CEO/MD of course, and the BOD's. They always made sure that the monthly cheque was banked into their bank account each and every month.

    I wonder, and I do really hope, that something will come out of it and that ASIC and the Courts will have a good look at it.

    A class action wouldn't go stray either but the point is that no one really knows if there was Directors and other forms of Insurance covering these people. No Insurance, than chances are that nothing will happen as it is very likely that any money that these people received is all into family trusts and private companies, and even into wives/spouses accounts.

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  8. 428
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    If they have no Insurance ASIC will not go after them, I got that from ASIC long before the CDU rip off.

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  9. 2.0k
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    That's correct New Pilot. Unfortunately that is the case and shareholders/investors always come out second best with ASIC and the ASX.

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  10. 428
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    You need to be in the white shoe mob, they always come out of it AOK every time.

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  11. 2.0k
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    Typical for the Gold Coast....

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  12. 68.7k
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    since half the Gold Coast is built on a swamp and a big chunk more on a sand bar i guess you guys are hoping climate change is real

    ( no skin off my nose , i don't like salt water fishing anyway , even if the water is closer , soon )

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    It seems to me that nearly all of the people in high paying jobs including Company Executive and Directors, all want to move to the Gold Coast and join the white shoes brigade while coming up with more schemes on how to rip some unaware and poor bastard off.

    How about it Nev et all.??

    How is poor Maxw coping with it now that CDU has gone down the drain.??

    I hope he has given up writing everyone around the World about the Swiss trying to take CDU over on the cheap.

    Now it will be the Chinese that will walk away with CDU and all it's subsidiary companies for a quick tango and a very soft music.

    Yep the Chinese were the God send to us to get us to the unimaginable quarterly dividends and $100 per share.......................................... AS IF..

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    Will all the previous Management and BOD's be pleased of what they did.??

    Some of them will as they walked away with their pockets and backpacks full of gold.

    They should be very proud of what they did.....................NOT.!!!!!!!!!!

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    And where is you mate T4P in these days New Pilot.???

    No where to be seen but living the high life in his island.

    IMO it is a very big Shame on him .................. Shame....

    If I was him, I would come out and apologise for all the baseless ramping and made up stories I did.....................But that's me and THAT IS A BIG DIFFERENCE.

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  16. 428
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    We will never see T4P back here again, I wonder if he made money out of the CDU dog, I mean from trading shares, not his salary.

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