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CUDECO LIMITED (CDU)

Delisted from ASX 03/02/2020

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

Shareholder links

Our website ranking of CDU: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Advanced Share Registry Services, 110 Stirling Hwy, Nedlands WA 6009
Tel : +61 8 9389 8033
Fax : +61 8 9262 3723
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000CDU1
Address: Suite 11A Level 11 100 Edward Street Brisbane QLD 4000
Tel:  (617) 3210 5900 Fax: (617) 3210 5999

Date first listed: 02/08/1971
Company Secretary: Bruno Bamonte
Sector: Materials
Industry Group: XMJ
Activities: Mining and mining investments
OFX Transferring Money Internationally to Free

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 19 May 2020)

09/06/2020

Jeremy Nipps and Matthew Joiner of Cor Cordis have been appointed as liquidators of the Company

30/04/2020

delisted from the commencement of trading on 3 February 2020 pursuant to Listing rule 17.12.

03/02/2020

we understand this company failed and ASX removed the company from listing because its securities have not been quoted for more than three years

03/02/2020

The administrators confirms that the second extension application was granted on 30 January 2020. It was ordered that the peroid within which the administrators must convene the second meeting of creditors of the company be further extended to and includes 31 March 2020.

31/01/2020

ASIC has extended the period within which section 250N of the Act requires the company to hold its 2019 AGM to the date that is 2 months after the financial reporting deferral period provided by ASIC ASIC Instument 19-1206. If the financial reporting deferral period expires on 31 March 2020, then the company must hold Its 2019 AGM by 31 May 2020. Under ASIC Instrument 19-1205, the company's financial reporting obligations have ben deferred until the earlier of: 31 March 2020; or the date on which a disclosure document is lodged with ASIC in relation to any offer for issue or sale of securities that requires disclosure to investors under Chapter 6D of the Act; or the date on which the company is reinstated to quotation; or the date that the company ceases to be under external administration.

03/12/2019

With the assistanc eof Argonaut Securities (Asia) Limited, the receivers have sought and received expressions of interest from a range of local and international parties in respect of the potential transactions. Argonaut and the receivers have shortlisted a number of parties to conduct further due diligence with the expectation that parties that wish to submit a final binding offer in respect of one or more Potential Transactions will do so by 15 November 2019. Funding has been made available to the receivers by China Tonghai International Financial Limited, Noble Resources International and Valuestone Global Resources Fund via its subsidiary Gemstone 101.

18/10/2019

The first meeting of creditors was held at Mt Isa on 17 July 2019. Administrators discussed the prior appointment of receivers and managers and outlined that the objective of the appointment was to complete a comprehensive technical and financial review of the Rocklands project and to explore all opportunities to maximise the value of the company's assets. The administrators advised that they were applying to the Court to extend the convening period for the second creditors meeting by up to 6 months. The extension of administration application was granted on 2 August 2019. It was ordered that the period within which the administrators must convene the second meeting of creditors be extended to and includes 2 February 2020.

23/08/2019

The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation.

22/08/2019

The administrators give notice that an application was made pursuant to section 439A(6) of the Act and confim that the extension application was granted on 2 August 2019. It was ordered that the period within which the administrators must convene the second meeting of creditors of the company to be extended to and includes 2 February 2020.

05/08/2019

The administrators give notice that they rely on relief granted under ASIC Corporations Instrument 2015/251 which provides a deferral of the company's financial reporting obligations to 5 January 2020. Should the administration extend beyond 5 January 2020, the administrators may apply to the ASIC for a further deferral.

23/07/2019

On 5 July 2019, Matthew Joiner and Jeremy Nipps of Cor Cordis were appointed Joint and Several Voluntary Administrators.

05/07/2019

Kelly-Anne Trenfield, Ian Francis and Michael Ryan of FTI Consulting give notice that on 2 July 2019 they were appointed Joint and Several Receivers and Managers of CuDeco Limited by China Tonghai International Financial Limited. The receivers, in conjunction with Argonaut Securities (Asia) Limited, have secured funding from CTIFL, Noble Resources and Valuestone Global Resource Fund I LP via its subsidiary Gemstone 101 to complete a comprehensive technical and financial review of the company's Rockland Project.

02/07/2019

The company lodges its Quarterly Report.

01/05/2019

The company lodges its Quarterly Report.

01/02/2019

The company releases the results of its meeting.

03/12/2018

The company releases the Chairman's Address for 2018 AGM.

30/11/2018

The company has completed its comprehensive plan for financial restructuring. The Directors are confident that this will allow its flagship Rocklands project to move forward in a profitable, fully funded and sustainable manner. In addition to this capital raising, the Company has received commitments from its major lenders to support the Company and re-negotiate their existing facilities. Negotiations are ongoing with the lenders and are expected to be concluded over the coming months.

16/11/2018

The company releases a notice of meeting. The AGM will be held on Friday, 30 November 2018 at 3.30 pm at Offices of McCullough Robertson Lawyers Level 11, 66 Eagle Street Brisbane QLD 4000.

05/11/2018

The company lodges its September 2018 Quarterly Report.

01/11/2018

The company announces the implementation of a comprehensive plan for the operational and financial restructuring of its flagship Rocklands project, during which time mining and processing operations will remain in a suspended state. It is anticipated that this formal remedial program will take a further two months to fully implement, from which point Directors are confident the project will move forward in a profitable, fully funded and sustainable manner.

17/10/2018

Mining and processing operations at its Rocklands Copper Mine will remain suspended for a further period to enable current funding and business improvement initiatives to be completed. During this period, the Company will undertake further preventative maintenance works and complete the final stages of its business restructuring program.

12/09/2018

The company has entered into a Memorandum of Understanding with Cobalt Blue Holdings Limited to allow Cobalt Blue to undertake due diligence studies to evaluate the applicability of its minerals processing technology to the cobalt-pyrite concentrate produced by at the Rocklands Mine. Chairman Peter Hutchison commented that should the Cobalt Blue Technology prove suitable for the recovery of Cobalt from the Rocklands ore, then this opens up a large potential opportunity CuDeco.

11/09/2018

Mining and processing operations at its Rocklands Copper Mine will be temporarily suspended to allow for critical maintenance work. It is anticipated that this suspension of operations will continue until 10 September 2018 to allow such work to be completed, together with other business improvements.

31/08/2018

Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended.

06/08/2018

The company lodges its 30 June 2018 Quarterly Report.

01/08/2018

The company requests a continuation of the suspension of the its securities pending the release of its 31 December 2017 financials which is expected to be finalized on or before 30 September 2018.

30/07/2018

The company provides a corporate update. Management had been restructured to drive Rocklands production. During the last 3 months, the Company has produced 13,852 dry metric tonnes (DMT) of copper concentrate at an average grade of 25.24%. Over this period, the Company has processed 454,713 DMT of ore with an average head grade of 1.22%, achieving an overall recovery of 63%. The financials for the six months ended 31 December 2017 are still to be lodged. The finalisation of these financial statements is dependent upon satisfying the Company's external auditors that the Company is able to continue as a going concern. As an integral part of its financial plan, the Company has negotiated a $US10 million prepayment facility with Noble Resources Pte Limited, which has been fully drawn down. This is to be repaid from future copper concentrate shipments.

17/07/2018

The company issues a response to ASX Appendix 3Z Query.

22/06/2018

The company requests a continuation of the voluntary suspension of the trading of its shares from quotation pending the finalization of its financial statements for the 6 months ended 31 December 2017. The company expects that the financial statements can be released on or before 15 July 2018.

12/06/2018

The company requests a continuation of its voluntary suspension of the trading of its shares pending the finalisation of its financial statements for the six months ended 31 December 2017. The company expects that these will be released on or before 7 June 2018.

16/05/2018

The company lodges its Quarterly Report.

01/05/2018

The Directors are continuing to work to finalise its Financial Statements and these will be lodged as soon as possible. The company expects that they can released on or before 15 May 2018. The suspension is then expected to last until that date.

16/04/2018

The company releases the results of its Shareholders Meeting.

03/04/2018

The company requests a continuation of the voluntary suspension of its shares pending the finalization of its Financial Statements for the six months ended 31 December 2017. The Directors believe that the Financial Statement will be provided to the market by 15 April 2018.

22/03/2018

The company announces an updated Ore Reserves estimate for its flagship Rocklands Copper Mine. Total Rocklands Ore Reserves estimated at 11.6 million tonnes (Mt) (0.87% copper (Cu) and 0.21 gold (Au) grams/tonne) as at 31 December 2017. The reserves update excludes potential sales of cobalt and magnetite - future recovery of cobalt remains an option if shown as commercially viable. Pit optimisation will be commissioned for next Reserve Update for FY18. Operational improvements will continue, with planning underway for further reserves growth through orebody discoveries amid rising copper and cobalt prices.

22/03/2018

The securities of Cudeco Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

15/03/2018

The suspension of trading in the securities of Cudeco Limited will be lifted at the commencement of trading on Thursday, 26 October 2017, following receipt of an announcement.

25/10/2017

The company lodges its Full Year Statutory Accounts - 30 June 2017.

25/10/2017

The holder of the HKD 80 million short-term loan which was due for repayment on 31 October 2017 has extended the term of the loan until 31 December 2017 on normal commercial terms and conditions. The company is negotiating with a number of parties to secure a longer-term restructured complete financing facility.

25/10/2017

September production at the company's Rocklands copper mine in Cloncurry Queensland was 1,707 tonnes of copper metal produced in 6,317 DMT of concentrate averaging 27.02% Cu. This result is substantially up on the disappointing result for August production of just 1,104 DMT of copper metal produced. September concentrate includes gold by-product estimated at 689 ounces for the month.

13/10/2017

The company provides an update on the transactions and agreements in relation to its loan facilities. CuDeco also has a AU$22m Convertible Note facility with Gemstone 101 Ltd which is repayable or convertible by 21 April 2019.

02/10/2017

The securities of Cudeco Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

28/09/2017

The suspension of trading in the securities of CuDeco Limited will be lifted from the commencement of trading tomorrow, Tuesday 2 May 2017 following lodgement of the Company's 31 December 2016 Half Year Accounts.

01/05/2017

The company lodges its Half Yearly Report and Accounts.

01/05/2017

The company lodges its Quarterly Report.

01/05/2017

The company provides a corporate and Rocklands operation update. The Rocklands Process Plant has begun achieving nameplate through rates on a regular basis. The A$22 million convertible note transaction is also nearing completion.

18/04/2017

CuDeco Limited advises that the Completion Date for the Convertible Note transaction with Gemstone 101 Ltd, a new Strategic Investor in the Group, is anticipated to be on or before 21 April 2017. Based on this Completion Date, the Accounts for the six months ended on 31 December 2016 are expected to be finalised shortly after completion on or before 28 April 2017.

12/04/2017

CuDeco Limited announced today that it has entered into an agreement with Gemstone 101 Ltd for the provision of a Convertible Note facility in the sum of AU$22 Million. Gemstone 101 is a wholly owned subsidiary of the Valuestone Global Resource Fund I, sponsored by Jiangxi Copper and China Construction Bank International.

03/04/2017

The securities of Cudeco Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement

15/03/2017

The suspension of trading in the securities of Cudeco Limited will be lifted immediately, following receipt of an announcement.

17/11/2016

The company lodges its Annual Report 2016.

17/11/2016

NOTICE IS HEREBY GIVEN that the Annual General Meeting of the members of CuDeco Limited will be held on Friday 15 December 2016 at 2.30pm AEST at C/- HopgoodGanim Lawyers, Level 7, Waterfront Place, 1 Eagle Street, Brisbane, Queensland 4000.

17/11/2016

The company lodges its Appendix 4G.

17/11/2016

The company has secured the loan extension with China Minsheng Banking Corp. The Company repaid US$4.9 million from production cashflow and US$60 million remains as a secured bank loan due to be paid in equal US$15 million quarterly installments through to December 2017. Financial statements were approved with CDU shares will recommence trading. Continued increases in production was achieved, and new copper concentrate shipment scheduled for this week.

17/11/2016

The company lodges its 30 June 2016 Financials.

17/11/2016

The company has received confirmation from China Minsheng Banking Corporation that the extension of the existing bank facilities has been approved. The facility agreement documentation for the extension is now being prepared for execution. The Company will now seek to finalise its Financial Statements for the year ended 30 June 2016. CuDeco Limited's shares remain in voluntary suspension pending their finalisation which is expected to occur before 10 November 2016.

01/11/2016

The company lodges its Quarterly Activities Reports.

01/11/2016

The company announced the official opening of its flagship Rocklands Copper Mine near Cloncurry, north-west Queensland.

28/10/2016

The company announced today yet another milestone for the state's newest copper mine, with the first shipment of sulphide copper concentrate to China. Approximately 4,635 wet metric tonnes (WMT) of sulphide copper concentrate from the Company's flagship Rocklands Copper Mine near Cloncurry, north-west Queensland, was shipped via the Port of Townsville on 15 October 2016. Meanwhile, CuDeco has been advised by China Minsheng Banking Corporation that the requested extension of the repayment terms of the Company's existing bank facilities is at the final stage of the approval process. Based on discussions with the bank, CuDeco remains confident that the refinancing will be approved shortly, and will advise the market accordingly once the extension has been approved.

17/10/2016

The securities of Cudeco Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

30/09/2016

The suspension of trading in the securities of CuDeco Limited will be lifted immediately following receipt of an announcement regarding the non-renounceable rights issue by the Company.

11/05/2016

On behalf of the Board, CuDeco Limited advise that the fully underwritten Non-Renounceable Rights Issue under the Replacement Prospectus announced on 11 April 2016 (for one new share for every four held at an issue price of $0.80 per share) closed on 6 May 2016. Results of the offer are detailed in the release.

11/05/2016

CuDeco is pleased to remind shareholders that the Rights Issue offer period closes tonight. Direct deposit into CuDeco account with form to Southport office in person, by fax or email (see details bottom of page), will be accepted until 7:00pm Australian Eastern Standard Time today (5:00pm Perth time).

06/05/2016

The company lodges its March Quarterly Report.

29/04/2016

The company issues an amended updated timetable for the rights issue.

29/04/2016

The board advised that the closing date for the Rights Issue is extended to Friday 6 May 2016. A number of eligible overseas shareholders have reported delays in receiving their documentation and this extension is to ensure all eligible shareholders have the opportunity to participate in the Rights Issue.

28/04/2016

The Prospectus and Entitlement and Acceptance Forms for the Rights Issue were dispatched on 20th April 2016 as per the timetable in the letters dispatched to shareholders dated 11th April, 2016.

22/04/2016

The company wishes to announce that a major milestone has been achieved at the Company's flagship Rocklands Group Copper Project in Cloncurry, NW Queensland, with the start-up of the diesel fired power station and commencement of energisation of the 6.6kV high voltage (HV) circuits.

13/04/2016

The company provides an updated timetable for the upcoming rights issue. The only change to the timetable advised to the market on 11 April 2016 is that the date that existing shares are quoted on an ex rights basis should be Thursday, 14 April 2016 to comply with T+2 settlement.

12/04/2016

The company issues a replacement prospectus which replaces the Original Prospectus dated 5 February 2016 in relation to the non-renounceable rights issue to Eligible Shareholders of one (1) New Share for every four (4) Shares held at an issue price of $0.80 per New Share to raise approximately $63.1 million before expenses

11/04/2016

The company releases a letter to its shareholders which details that ASIC lifted its interim stop order and that the non-renounceable rights issue will proceed.

11/04/2016

The company lodges its Half Yearly Report and Accounts.

01/04/2016

The company announced today it has entered into an agreement with the China Minsheng Bank to amend the repayment schedule for its US$65 million finance facilities, representing a key part of the financial arrangements for the Company.

01/04/2016

The company is pleased to release the Rocklands Feasibility Study for its 100% owned Rocklands Group Copper Project. The Rocklands Feasibility Study considers the Stage-1, 10-year mine plan, which is part of a multi-stage development plan for the project.

03/03/2016

The company is continuing to work with ASIC to resolve their concerns in relation to certain disclosures in the Prospectus for the rights issue dated 5 February 2016. While the interim order remains in place, the Company will make no offers, issues, sales or transfers of shares under the Prospectus and the Company withdraws the timetable released to the market on 8 February 2016 and set out in the Prospectus. A new timetable will be issued once the ASIC concerns are resolved.

29/02/2016

The company advises that, on 12 February 2015, the Australian Securities and Investment Commission has issued an interim stop order in respect of the Prospectus dated 5 February 2016

12/02/2016

The company provides an updated timetable with respect to a non-renounceable rights issue to Eligible Shareholders, on the basis of 1 new fully paid ordinary share for every 4 shares held, at an issue price of $0.80 per share, to raise approximately $63.1 million (before costs). The company has been requested to extend the timetable by one day as the announcement on Friday 5 February was made after the opening of the market.

08/02/2016

The company is pleased to announce the issue of its Prospectus with respect to a non-renounceable rights issue to Eligible Shareholders, on the basis of 1 new fully paid ordinary share for every 4 shares held, at an issue price of $0.80 per share, to raise approximately $63.1 million (before costs)

05/02/2016

The company announced today that the Company's flagship Rocklands Group Copper Project is approximately 90% complete, with live feed set to commence in the first quarter 2016.

03/02/2016

The company lodges its December Quarterly Report.

01/02/2016

The company lodges a copy of the letter sent to holders of Options in the Company with an exercise price of $2.50 per share and expiring on 31 December 2015

21/12/2015

The company advises that it is in advanced stages of negotiations with a potential underwriter for the revised Rights Issue on the basis of one new fully paid ordinary share for every four shares held at an issue price of $0.80.

17/12/2015

The company releases the Results of its Meeting.

14/12/2015

The company provides the Chairman's Address to AGM.

14/12/2015

The company is pleased to announce a maiden Ore Reserve Estimate for its 100% owned Rocklands Group Copper Project which underpins the project's planned, Stage-1, 10-year operation.

11/12/2015

The company provides the amended timetable for the release of the Reserve statement and for the revised Rights Issue.

09/12/2015

The company continues to progress its flagship Rocklands Group Copper Project, with a Reserve Statement to be released on Tuesday, 8 December 2015 demonstrating its economic viability and increasing the level of confidence in the project. The funds raised from the Rights Issue will help complete the construction and commissioning of flagship Rocklands Group Copper Project.

03/12/2015

The company releases an Investor Presentation for the Rights Issue.

30/11/2015

The company provides an update on its AGM: director withdraws nomination for re-election; and there is an opportunity for shareholders to provide questions prior to Annual General Meeting

30/11/2015

Further to the announcement of earlier today, the Company anticipates that, approximately 78,855,542 New Shares will be issued pursuant to the Rights issue.

25/11/2015

The company is pleased to announce a non-renounceable revised rights issue to eligible shareholders, on the basis of 1 new fully paid ordinary share for every 4 shares held, at an issue price of $0.80 per share; to raise approximately $63,084,433 (before costs), based on CuDeco's undiluted share capital. 78,855,542 fully paid ordinary shares will be offered under the Revised Rights Issue.

25/11/2015

The company lodges its Annual Report 2015.

20/11/2015

The company lodges its Financial Statements 30 June 2015.

18/11/2015

The company announced today it has completed an assessment of the carrying book value of its Rocklands Group Copper Project. Each year, as part of the financial statements reporting process, CuDeco assesses the carrying value of its Rocklands project assets. The assessment is reflective of current challenging market and economic conditions and various delays to the construction process.

17/11/2015

The company is set to push forward with its flagship Rocklands Group Copper Project, after confirming a $30 million equity investment by Singaporebased private investor Rich Lead Investment Pte Limited

17/11/2015

The Annual General Meeting of the members of CuDeco Limited will be held on 14 December 2015 at 10.30am AEST at QT Gold Coast, Gold Coast Highway (Corner Staghorn Avenue), Surfers Paradise, Queensland.

16/11/2015

As previously advised, the company had received an additional funding proposal. The Company is seeking to finalise this proposal this week and until it is finalised the timetable provided by the Company regarding the rights issue on 29 October 2015 no longer applies.

12/11/2015

The company is assessing an additional funding proposal that emerged following the recently announced financing package.

10/11/2015

The company issues its corporate governance statement.

06/11/2015

The Panel has declined to conduct proceedings on an application dated 23 October 2015 from Mr Neville Lowe, a shareholder of CuDeco representing a group of 97 shareholders in relation to the affairs of CuDeco. The application concerned possible association and control effects of a rights issue announced by CuDeco on 17 September 2015 with respect to CuDeco's substantial shareholders, two of which were underwriters of the rights issue

05/11/2015

The company has further advanced its flagship Rocklands Group Copper Project, announcing today the signing of a five-year Mine to Port Transport and Logistics Agreement, with a five-year extension option, with Townsville Bulk Storage and Handling

02/11/2015

The company lodges its Quarterly Report - September 2015.

02/11/2015

The assessment of the carrying book value of the company's Rocklands Group Copper Project is expected to be completed this week which will allow the Company to complete the audit of its June 2015 Financial statements. The Company will be sending out its Annual report by 10 November 2015 and plans to hold its Annual General Meeting on 14 December 2015 on the Gold Coast.

02/11/2015

The company announced today a major boost for its flagship Rocklands Group Copper Project, after securing a new $30 million investment with a United Kingdom-based institutional investor.

29/10/2015

The Panel has received an application from Mr Neville Lowe in relation to the affairs of CuDeco Limited. Mr Lowe is a CuDeco shareholder. A sitting Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.

26/10/2015

The company previously deferred the issuing of its year-end accounts until it completed an assessment of the carrying book value of its Rocklands Group Copper Project. The assessment is still not finalised, and the company is working to complete the assessment and the audit of its June 2015 financial statements as sson as possible and expects that it should be completed by 31 October 2015.

23/10/2015

The company advises that ASIC has made a determination under section 713(6) of the Corporations Act 2001 that CuDeco may not rely on section 713 of the Act (which allows short form prospectus) until 9 October 2016. This has arisen due to the company not lodging their June 2015 financials by 30 September 2015. As a result of this determination, Cudeco will be required to prepare a full prospectus in relation to the upcoming rights issue. An updated timetable is attached.

13/10/2015

The Company in its previous announcement made reference of its intention to refer the Rights Issue to the Takeovers Panel to address shareholder concern regarding the potential effect the issue of new shares may have on the control of the Company. The Company has now been notified by a group of shareholders of their intention to make an application to the Takeovers Panel seeking a declaration that the Rights Issue gives rise to unacceptable circumstances. If that happens, the Company will make appropriate submissions to the Takeovers Panel to address those concerns to the extent it is permitted to do so under the Takeovers Panel process.

01/10/2015

The company dvises it is deferring the issuing of its year-end accounts until it completes an assessment of the carrying book value of its Rocklands Group Copper Project.

01/10/2015

Trial processing of two containers of high grade native copper concentrate that was shipped earlier this year, has been successfully completed by one smelter with facilities to produce copper anode and 99.999% Cu metal. The results from processing of the first container have been received, and show that the native copper from CuDeco's 100% owned Rocklands Group Copper Project near Cloncurry Queensland, Australia, successfully produced a final ingot product grade of 99.67% Cu.

18/09/2015

CuDeco Limited is pleased to announce a fully underwritten renounceable rights issue to eligible shareholders, on the basis of 1 new fully paid ordinary share for every 2 shares held, at an issue price of $0.60 per share; to raise approximately $83,376,650 (before costs), based on CuDeco's undiluted share capital. 138,961,084 fully paid ordinary shares will be offered under the Rights Issue.

17/09/2015

CuDeco Limited (ASX Code; CDU, CuDeco) requests that it continues with its voluntary suspension of its shares. The Company has made some positive progress on resolving its funding needs. Documentation is expected to be finalised next week for its short term requirements and within the next fortnight for its long term funding. The Company's major shareholders have continued to support the Company throughout this period and continue to work closely with the Company's management.

04/09/2015

CuDeco Limited (ASX Code; CDU, CuDeco) requests that it continues with its voluntary suspension of its shares. The Company has received some short term loans from its major shareholders and has made positive progress to finalise its medium term funding requirements with the assistance of its major shareholders and expects that the documentation will be able to be finalised and released to the market within the next two weeks.

20/08/2015

The securities of Cudeco Limited (the "Company") will be suspended from quotation immediately at the request of the Company pending the release of an announcement.

06/08/2015

The suspension of trading in the securities of CuDeco Limited (the "Company") will be lifted at the commencement of trading on Monday, 27 July 2015 following receipt of an announcement by the Company. Security Code: CDU

24/07/2015

CuDeco Limited has been in negotiations with its three cornerstone investors, namely China Oceanwide International Investment Co., Limited, Sinosteel Equipment & Engineering Co., Ltd, and New Apex Asia Investment Limited. The company's plan to fund its Rocklands project is detailed in the announcement.

24/07/2015

Mr Tony Wu on behalf of New Apex Ltd has advised the company that they have agreed with China Oceanwide International Investment Co., Limited and Sinosteel Equipment and Engineering Co Ltd to provide a short term loan to CuDeco Limited whilst the company waits for the Minsheng Bank to complete the paperwork for the outstanding drawdown. The Company has applied to drawdown a further US$5 million under the terms of the existing facility and a further US$35 million which was originally approved by Minsheng Bank.

23/07/2015

The company announces that it achieved a milestone in the installation of a copper metal casting plant for casting copper; 400Kg ingots from native copper produce from Rocklands' copper mine

23/07/2015

This suspension of securities followed a General Meeting of Shareholders where Shareholders voted not to approve the capital raisings proposed by the Company. The negotiations have been positive but slower than anticipated. The Company the Directors believe it is important that the suspension of trading continue to allow for a definitive and informative announcement on its financing to be made to the market once it is in place.

14/07/2015

The securities of Cudeco Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. Security Code: CDU

02/07/2015

The suspension of trading in the securities of CuDeco Limited (the "Company") will be lifted immediately following receipt of an announcement by the Company regarding a capital raising. Security Code: CDU

04/05/2015

CuDeco expected that the voluntary suspension would have been completed by this time but the raising of capital in this market and in China has proven a far more protracted process than anticipated. The Company advises that the capital raising is well advanced with the due diligence taking place so that the transaction can proceed through documentation, usual regulatory approvals and then close

09/04/2015

releases a Market Update on Progress at Rocklands

23/03/2015

lodges Half Yearly Report and Accounts

16/03/2015

Negotiations with a number of other parties are still ongoing for the placements of further CuDeco Securities (the reason for the trading halt), required to complete the funding for the Rocklands Group Copper Project

02/03/2015

The 5 Resolutions put to the Extraordinary General Meeting held today were passed on a show of hands

30/01/2015

securities will be suspended pending an announcement

29/01/2015

The suspension of trading in the securities of CuDeco Limited (the "Company") will be lifted immediately following receipt of an announcement by the Company regarding a placement. Security Code: CDU

13/11/2012

Development of the Rocklands Group Copper Project, located just outside the major regional township of Cloncurry in Queensland Australia, continues to advance on schedule and under budget

12/11/2012

Development of the Rocklands Group Copper Project, located just outside the major regional township of Cloncurry in Queensland Australia, continues to advance on schedule and under budget

09/11/2012

The securities of Cudeco Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: CDU

26/10/2012

securities reinstated to quotation

31/10/2011

directors advise the market that it expects negotiations for its capital raising to be completed and all documentation to be prepared and signed by late this afternoon Hong Kong time, which will be after close of trading. Accordingly it will be in a position before the markets open on Monday 31 October 2011 to provide the relevant details of this capital raising, and request the Australian Stock Exchange to allow the shares to re-commence trading

28/10/2011

the Annual General Meeting of the members of CuDeco Limited ABN 14 000 317 251 ("the Company") will be held on 24 November 2011 at 10.30 am at QT Gold Coast, Gold Coast Highway (Corner Staghorn Avenue), Surfers Paradise, Queensland

25/10/2011

releases annual report for 2011

20/10/2011

company provides a Wilgar update

11/10/2011

Oceanwide has already subscribed to 21.2m shares in CuDeco @ $3.80 and $4.00 for a total investment of $81.81m. With the global share markets in decline and the copper price also falling by 25% since our discussions commenced, the Company has been dealing with a request from Oceanwide in light of the circumstances existing, to reconsider the agreed price of the placement. However, any reconsideration of the placement price would, of course, fall outside the approval by shareholders which lapsed on 6 October. Presently the Company has flexibility to proceed with a fresh placement and notes that in the case of Oceanwide, the approval of the FIRB remains current - a further update on the status of the ongoing discussions and a timetable for recommencement of trading will be provided as soon as the Company is in a position to do so

07/10/2011

lodges annual report for 2011

30/09/2011

the Company had sought as a matter of prudence, voluntary suspension of its securities as it progressed negotiations with a number of investors in respect of a capital raising. The Company had hoped that the negotiations would have been finalised in a timely manner but unfortunately those negotiations have been prolonged and combined with the effect of continuing uncertainty in global financial markets, the Company remains in suspension - the Company intends to provide an update on the status of ongoing discussions and a timetable for recommencement of trading as soon as it is in a position to do so and expects that this will be in place by 10 October 2011

27/09/2011

CuDeco Ltd wishes to advise that it has received the Draft Environmental Authority (EA) which has been issued by the Department of Environment and Resource Management (DERM) to the Department of Employment Economic Development and Innovation (DEEDI) for advertising of the Public Notice of Application for Mining Lease and Environmental Authority. The public notice period is for 20 business days after which the submission is considered by DEEDI for the granting of the Mining Leases (ML)'s for the Rocklands Group Copper Project

23/09/2011

releases an update of "significant events" re the South-West Corner prospect

14/09/2011

securities suspended pending an announcement

23/08/2011

securities reinstated to quotation

27/04/2011

reports visible gold in Wilgar diamond core

21/04/2011

company refers to its last announcement dated 25 March 2011 in relation to matters pertaining to the negotiations for funding and off-take arrangements. The Company confirms that these negotiations are in progress and have advanced considerably since the previous announcement. In the interim, the counterparties have carried out due diligence investigations including visits to the Rocklands Project site and the Southport corporate office

20/04/2011

provides an update on the Rocklands Copper Project

28/03/2011

advise that it has agreed to issue 6,250,000 new shares to a Hong Kong based resources company at a price of $4.00 share for a total consideration of $25 million. This placement was a term within a Memorandum of Understanding and "Framework Agreement", now signed. The essential elements of the Framework Agreement are to secure additional funding and an Off-take Agreement with the Hong Kong based resources company, for the Rocklands Group Copper Project targeted for production in late 2012

25/03/2011

releases Half Year Accounts

15/03/2011

securities suspended from quotation

10/03/2011

securities reinstated to quotation

03/06/2009

securities suspended from quotation

02/06/2009

name changed from Australian Mining Investments Limited

20/07/2006

ASX Announcements (courtesy of ASX)

 

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cdu seems to be oversold atm after the largest shareholder M&g sold down .there was a block of shares sold after market on the 21/8/2013 12m+ which is over 5% of the company.asx tells me there should have been a substantial holder notice after 5 days .friday was the 8th day and still no notice ,i am wondering if the  5days starts from the buy day or settlement day t3 .01/09/2013 17:00:34

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    21/01/2015David TaylorOn market25,000$1.330$33,250
    20/01/2015Wayne McCraeOn market24,000$1.344$32,259
    15/01/2015Wayne McCraeOn market10,000$1.450$14,500
    09/12/2014David TaylorOn market25,000$1.347$33,665
    24/10/2014Wayne McCraeOn market5,000$1.359$6,797

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Bruno BamonteCFO14/03/2018
    Benjamin ZhaiNon Exec Director19/05/2017
    Hongwei LiuNon Exec Director04/04/2012
    Jiang YongminNon Exec Director16/07/2015
    Benjamin ZhaiNon Exec Director16/01/2019
    Liangfu LyuNon Exec Director03/04/2019
    Zhijun MaNon Exec Director01/06/2011
    Zhu Mu PoAlternate Director08/09/2015

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Tony WuNon Exec Director02/07/201303/04/2019
    Stephen YipNon Exec Director27/11/201817/01/2019
    Stephen YipNon Exec Director27/11/201816/01/2019
    Peter HutchisonChairman01/12/200411/12/2018
    Jiang GongyangCEO01/03/201717/07/2018
    Chiwei WangNon Exec Director12/01/201716/07/2018
    Paul KeranNon Exec Director02/07/200705/06/2018
    Mark GregoryCEO21/02/201727/11/2017
    David WrigleyCFO22/08/201604/05/2017
    Dianmin ChenManaging Director14/12/201521/02/2017
    Noel WhiteNon Exec Chairman, Independent Director29/01/201616/02/2017
    David TaylorNon Exec Chairman03/07/200920/01/2016
    Gerry LambertNon Exec Director27/04/201018/09/2015
    Wayne McCraeChairman, CEO15/04/200224/07/2015
    Bill CashDirector27/07/200727/04/2010
    Timothy KoitkaExecutive Director18/04/200222/08/2007
    Thomas PickettNon Exec Director18/04/200229/07/2005
    Alan FlavelleNon Exec Director15/03/200027/11/2003
    Gerald KingChairman01/12/198306/06/2002
    Ronald McCulloughExecutive Director25/10/199426/04/2002

    Date of first appointment, title may have changed.