CCU 0.00% 5.8¢ cobar consolidated resources limited

i'm out, page-77

  1. 1,972 Posts.
    gelxi,

    Banks do not look at charts to determine whether a commodity is breaking out or not. They have highly paid annalists that analyse the range that they believe the commodity will trade for 12 to 24 months. I cannot in my wildest dreams think that someone contemplating financing CCU would go to their bosses and say "I recon the pos is breaking out and headed to $30. That is a trading mentality and not an investing mentality. Financiers would be looking at their projections for the pos and determining whether CCU would be highly profitable at the lower end of their forecast. From what I have seen on pm's they will not see any real strength until the 2nd half of 2014 which means CCU is precariously placed and survival probably depends on their ability to conduct a massive (dilutionary) capital raising.

    Just my opinion!
 
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