If our two main debtors converted all their loans into shares at the last closing price of $0.105..CBA $18m, Magna $3m. We would be looking at massive dilution of shares, from 329m to becoming 529m. SP would come down to be about $0.065 ~ $0.070
This would wipe the slate clean, immediately allow CCU to survive, be profitable even at current silver price, but anger a lot of existing shareholders in the process.
Just a thought.
CCU Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held