We don't know the proposed capital raising method or purpose.
CCU in the past has raised money from placements at or higher than the SP. Back when CCU was down at this price last time Magna paid a 10% premium.
I don't think this will happen this time around however.
If you read just a few messages earlier you will see that CCU has a hedge, that is currently well in the money.
People are spouting doom and gloom for the company for the last few weeks, smells like capitulation to me.
I really want to see the last quarterly activities report - It's been 3 weeks since the last quarter ended.
CCU have been quite good in the past about keeping information flowing. I can only really hope at the moment that they have been so busy with the crazy drop in the silver price that things have been put on the back burner to take advantage of a low silver price that could possibly rebound this week. There are plenty of reports bouncing around about apparent wholesale shortages of silver and unprecedented demand for physical in the wake of the price drop.
CCU Price at posting:
18.9¢ Sentiment: Hold Disclosure: Held
