>Of course, I've been wrong about this stock on many previous occasions ....
I'm glad that you have acknowledged that fourdollars.
>think the CBA has agreed to the one-month extension on the basis that CCU conducts a capital raising this month
I doubt very much that the CBA has agreed to extend the repayment date by one month on the basis that they do a cap raising. The CBA, for one, won't ever agree to do something unless it is solid. They won't agree to something like a possible cap raising that may or may not go ahead.
I am of the belief that the CBA's agreement is based on solid fundamental reasons.
I do expect an announcement very soon as well. It will be a positive one especially given the last three positive announcements. The writing is already on the wall that they are still achieving nameplate production at lower costs so that is a given IMO.
I do expect a cap raising but maybe not for a couple of months just so that they can boost company expenditure in more areas of importance such as exploration etc.
CCU Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
