@ Mahanga I spoke with Trevor Shard opprox. 10 days ago, I don't really want to start quoting what he said publicly as I did not ask for that permission at that time, I certainly don't enjoy any special confidence, the conversations are polite but direct and would suggest that his answeres to my questions would be the same to all, that's why I encourage people to contact the investor centre, I've found him to be readily contactable and informative.
My thoughts, I don't like the SP being where it is and I wish that I had kept a trading mentality about CCU, I however have learnt over many years "to love my losses" so if at any time I regarded CCU as a sell, then I would do that regardless of my profit/loss. To me the SP has drifted lower on very thin volumes, basically we've seen $20k make a 5+% shift at times, what this says to me is that there are no buyers atm, maybe thats because people aren't seeing better value elsewhere perhaps just better opportunity, in the end I don't know, but I do know that it hasn't been sold down on any volume.
Plant and production, I respect everyone right to a view, I really like contrary opinions, my thoughts are tainted by long standing beliefs that you don't spend money on plant until it is costing you money and that the most important thing In pant planning is to make sure the site shed is not too close to anything and that you've left enough room for changes and add ons, because there the only certainty. It's not like building a new house in the burbs where can move in first night plug in the tv & order a pizza. Is there things that need adressing ? Yes, and as a share holder or just observer you can express your opinion, I'm actually OK with progress atm.
Finances, Well it be nicer to have 50mil in the bank rather than the 10 I think it was at start of last quarter, based on the answers and info that I have sourced, most likely no money will be required not withstanding hiccups. If funds where required I would doubt they would come to the market for it, I would suggest they would renegotiate the debt fercility, all just my opinion.
Got to get on a plane now,, keep up the chatter, all views good or bad.
CCU Price at posting:
27.7¢ Sentiment: None Disclosure: Held
