Which makes it all the more intriguing why a company that is...

Which makes it all the more intriguing why a company that is under the cashflow pressures CCU has been would choose to remove revenue downside protection by unwinding their silver hedges back in early October.

And why the same company with no silver hedges in place and silver prices at low levels currently (and who has been highly cautious about its disclosure in recent times) would make the claim that it expects to be cashflow positive in early 2014 if they hit the 200koz per month rate.

A few hurdles to jump over yet no doubt but that announcement on the 6th was enough to tip what was emerging as a very binary outcome - for non-Magna shareholders in my view – on the good side of 50/50. And I didn’t hesitate to buy in opening trade that same morning. Still underwater like many others though!

A big thanks to all the regular contributors on this thread – your thoughts have been interesting and much appreciated.

Systematic28 – I reckon you have the best read on this thing in my humble opinion. Your earlier remark along the lines of “the question of who has who over a barrel is an interesting one” is something worth reflecting on in the context of current events.

fourdollars – so much effort and insight put into this stock. Tell me you aren’t still on the sidelines!

The very best of luck to all.

Bring on a better 2014 for long suffering (and patient) CCU holders!