Champ, you are so myopic, complaining about the hedge at 23.50 now. That hedge was put in at a rate ABOVE the market rate for Silver at the time. Also, they have been able to defer repaying the loan because of it, PLUS they still have hedges in place at around $29 an ounce. The cap raising came at a really bad time, but you can't blame CCU for the price of silver as well as their poor design and planning decisions.
To think you were super confident of CCU's prospects when they were 80 cents a share, and now they are at multi year lows you are the ultimate pessimist? You are either a ramper or a fair weather trader mate.
CCU Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
