Even as we argue on the fundamentals of holding onto this stock, I see a solid hammer forming on very high volume, those well-versed in technical analysis will know what this likely means :)
Anyways I have read through all released docs and nothing has changed my plan to hold on to this stock long term - it is obvious the biggest issue they are facing are the oversized ore and although the negative effect of it has been more than expected, it is nothing that a decent ball mill cannot fix.
The failings of this company have been that they over-promised on targets early on, but it seems to me that they have been truthful about the issues that they have been facing recently, and are taking the right measures to remedy the issues. Will now just hold tight and wait to see how they perform after the ball mill has been installed in July.
CCU Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
