CCU 0.00% 5.8¢ cobar consolidated resources limited

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  1. 217 Posts.
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    I saw the same thing happen to a few other miners I am in (e.g. RMS). The share price was in line with the guidance but when the announcement this year came out that the company broken even for the financial year the share price was slaughtered. I think it's as much a reflection of the of the bear-market and overall world sentiment currently (uncertainty). RMS share price has since recovered.
    So assuming that CCU is debt free/has low debt, they have done all the CAP-EX work and are pouring silver, why worry? Just tell the MDs to stop wasting cash on hedging.... The silver bull will run. Use this opportunity to buy cheap shares.

    I think if you're panic-selling here it is a mistake.

    I am wanting to buy CCU, but I have no spare cash :(
    If I had say 20k to drop i'd punt say 8k here and now, and wait and see where the bottom is in the next few weeks/month or so and commit another 6k - 12k.

    Just relax and enjoy the ride boys and girls, the silver bull is in play!

    I am long AYN
 
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