CCU 0.00% 5.8¢ cobar consolidated resources limited

silver grade, page-13

  1. 1,354 Posts.
    Just a guess. JORC probably was done in house They were optimistic with selection of cores in order to get a result that will get them a loan from the bank. One bank looked closer and left. Who cares about share holders when you have your own 400000+ salary and bonuses to consider. Last September is when they knew that grades were bad. Bank account went down to 2.00 because the silver they were going to sell to keep going was not there. That why the CR. In all that mess there must be some good grades. That is what I am banking on. There is a new plant as well. CCU has several hundreds of square kilometres of good quality multimetal prospecting ground that has not been explored. It may well be lucky for shareholders to keep going.
 
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