CCU 0.00% 5.8¢ cobar consolidated resources limited

re-rating continues

  1. 8,188 Posts.
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    Hi everyone,

    Just like commonsense tells me what goes down has to go up and with CCU this is no difference.

    Before the confusing announcement we where above the 50 cts level and today we are still only around the 40cts

    With the silver still in the ground combined with trenemdous possible upside from exploration we should still have a bargain on our hands.

    A rising price of silver can give us even more magic and the low amount of shares on issue, will make sure that any upside will be well reflected in the shareprice.

    With the current strong upside performance I think we may even see the 50 cts level in a very short period of time.

    The bot we are seeing now is certainly a buyer imho, but will do everything to scare the holders in the hope to get shares from the weak hands.

    good luck to all

    jojo

 
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