CCU 0.00% 5.8¢ cobar consolidated resources limited

This means that the Wonawinta project is no longer in...

  1. 2,026 Posts.
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    This means that the Wonawinta project is no longer in development - it's a producing mine. They aren't playing around with the "settings" on the production plant to get it up to nameplate or installing new equipment.

    It's more a psychological milestone than anything, but important nonetheless. I'd say a lot is it is for the benefit of the financiers... kind of like demonstrating to your bank that you are employed with a regular income before you get a loan.

    I have noticed that buying strength comes ahead of positive announcements lately, maybe the ship isn't as free of leaks as it used to be.

 
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