CCU 0.00% 5.8¢ cobar consolidated resources limited

They have commented on the progress of the Ball Mill! They...

  1. 2,026 Posts.
    lightbulb Created with Sketch. 47
    They have commented on the progress of the Ball Mill! They announced a week and a half ago that it was being commissioned on 25th May. I don't know what level of progress information you're asking for but maybe it's something like this:

    1. We're opening the mill up.
    2. We've put the steel balls in
    3. Now we've put some oversize in it
    4. Now we're spinning it like a giant washing machine
    5. Now we are removing the crushed oversize.

    As to Magna's intentions, I'd say being an investment firm, they would like to make a profit. Through investing their money. While they will have a board seat their core business is not in running mines. Maybe they will help the board make their announcements more market friendly.

    If they didn't think there was a reasonable chance of making some coin out of CCU they wouldn't have stumped up the cash.
 
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.