CCU 0.00% 5.8¢ cobar consolidated resources limited

Thanks Tuskan, I will call this afternoon and see if I get the...

  1. 2,026 Posts.
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    Thanks Tuskan, I will call this afternoon and see if I get the same story. My concern is the figures don't bear out their assertation ie. even if they get to nameplate in August and September, the costs will outweigh their income.

    If they need more cash I suspect it will be a placement to Magna, maybe even some convertible notes. They can issue up to a certain percentage of capital in the company without having to go through the cap raise process.

    The other option is they could close out some of their hedges which are still in the money and bring some cash forward. This strategy is very dependant on the price of Silver making a comeback by Christmas though...
 
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