The spot price broke through $20 only 3 weeks ago DF. Did not close above $20 last night but still happy to see the spike all the same.
My plan stays the same, I will only bail if AUD$/oz drops below AUD$20. Currently it's a healthy AUD$22.30.
Given that the management has dropped the unit cost from AUD$27+/oz to AUD$22+/oz in the last quarter, it shows that the management is on track to make it drop even further.
We just need the POS to hold the line while management continue to turn this around.
CCU Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held