CCU 0.00% 5.8¢ cobar consolidated resources limited

That Ball Mill is still a long way away, personally I don't see...

  1. 2,388 Posts.
    That Ball Mill is still a long way away, personally I don't see it making it without another raising. My best guess puts cash in bank at around $5mil and with 4 months to go before the real production ramp up it's going to be a nail biter.

    No updates for January or February production tells me they are no better. If they can't get them better till after June then CCU is just going to limp along. They cannot however afford anything untoward to happen between now and then, that could be very bad.
 
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.