CCU 0.00% 5.8¢ cobar consolidated resources limited

>--- Will finances run out before production reaches that...

  1. 12,639 Posts.
    >--- Will finances run out before production reaches that required for continued progress?
    If not share holders will have another set back in share valuations - providing the company remains solvent.

    Firstly I've never seen a company go insovent until it has depleted all options to gain capital.

    That means that CCU would firstly have to have millions upon millions of shares in the market from conducting countless capital raising's.

    There is no way that CCU will become insolvent for years if at all.


    >"I personally think that there is one heck of an opportunity lying ahead with CCU once the price of silver rises past $60"

    >-- is not helpful and perhaps misleading as it is hypothetical and inconsequential at the moment.

    Well for myself who is not currently invested into CCU I am looking for places to park some money down the track. I have done considerable research and have found that the price of silver is so undervalued it's not funny.

    With that being said I have an understanding as an investor that the price of silver must rise in the future and that will be very consequential on the share price going forward and will be very important for me as an investor.

    I believe that CCU probably has more downside to come so I'll probably be getting in close to the bottom IMHO sometime in June while I'm hoping that some panic merchants are bailing out to give me a better entry price.

    ;)
 
watchlist Created with Sketch. Add CCU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.