worst case scenario, page-58

Couldn't agree more dilema.

Until CCU gets to, or close to, nameplate capacity this remains a speculative risk on management competency, not a precious metals play.

The POS is irrelevant if you continue to have production problems .... and its just been one excuse after another.

There's $6m in debt obligations due this quarter (and almost half of it is to a bank);

There's a 25% dilution coming for shareholders.

There's a risk that Magna may decide not to underwrite another capital raise - they could simply pay out the CBA and then own all of CCU as the largest creditor if they wanted to play hardball.

There's never been a month, let alone a quarter, where CCU has come close to nameplate capacity.

Yet management and the Board are overpaid, and seeking more!