CuDeco Suspension Remains In Place

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By Rudi Filapek-Vandyck

These are the times when Bendigo Mining (BDG) is about to make the transformation from an explorer to a fully operational gold producer, and when the likes of Frontier Resources (FNT) acquire significant inferred gold and copper resources, but none of these announcements will ever be able to attract as much attention as the ones issued by the company formerly known as Australian Mining Investments (AUM).

CuDeco as the latter company is nowadays called, appears to have problems in satisfying the ASX requirements regarding its reserve and drilling reporting. That’s the least of the conclusions that can be drawn from the fact that no additional information about its Rocklands Group project has been released whole week with the shares continuing to be suspended from trading.

Today, Cudeco announced discussions with bourse authorities are ongoing with respect to further drilling results and a clarification of the company’s June 29 announcement concerning an inferred resource estimate at the Rocklands Group project.

This also means the company is unable to say when its shares will be reinstated, though today’s announcement ends with the expectation “this is likely to be early next week”.

We are all waiting.

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