"its madness for Magna to underwrite a deal and then see their investment go under. Magna is owned by the richest guy in Indonesia"
It's true, Magna dose have very deep pockets but I don't think there is any chance of thier investment "going under". CCU is on the cusp of becoming cashflow positive with basically completed plant and an excellent resource plus expedential upside and demand for dore. To me its buy to trade or hold at these levels.
CCU Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
