As shares holders we are caught in the hope that CCU will continue with increased production levels, and ideally that the silver price either stays the same or slowly increases every week , whilst the AUD stays at current levels or reduces a little more to say 80c/85c. This will give us a further increase on the company's return on the silver produced above the hedged component.
We do not need any further assistance from Magna , we need to trade out of this tight situation . To achieve this CCU needs to :
1) Produce 608,000 oz plus per quarter ( this quarter another 400,000 oz in addition to the 115,000 oz produced in July ) , starting the December quarter , as I would anticipate that their operating cost for the December quarter should be a little less say around $15m. 2) The silver price to stabilise and slowly increase , for every dollar increase its $608,000 extra every quarter to CCU . 3) CCU should release monthly production reports showing the nameplate capacity increase , and beyond .
We as shareholders should continue to call and email the company and we don't get a response we are entitled to complain to the ASX . Once they( the board ). realise that the investor voice is getting loader and will not go away they will respond . The board must always be held accountable for their actions . Remember these people' are getting paid from our asset , therefore have a responsibility to us .
CCU Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held