Gelxi, you're putting money down in the more speculative end of the stock market so it's risky Risk = Reward On you for having a go I hope they come good for those holding them Everything is getting repriced at the moment, truth and credibility can sometimes be a casualty
Yes, Alfie, no pain no gain. I've already tried my best to enter with a margin of safety - really didn't see the CR coming. I will take up the CR offer and give the ball mill a chance. Good luck to other holders of CCU too.
#@*&?%*@ !!! I've made it a rule never to touch explorers, only producers. Bought into CCU when it began producing but before the ore size problems came to light, and our shares have now lost 76% in value. :/ [Note to self: When a miner becomes a producer it doesn't automatically become a successful producer.] After reading through the releases and being cautiously optimistic on the price of silver we will hang on to our remaining 24%, but won't be taking up the entitlement.
Stackman - understand how you feel.. the SP has gone nowhere but down because of 2 big issues 1. Of its own doing, the "unexpected" oversized ore (which I think if they had done preparation work earlier could have been avoided) ; and 2. The decline of the silver price from $49.x down to $22-$24. But I think this company can rebound from its initial hiccup, and I am even more convinced that the silver price will rebound. The key is now to monitor whether this company hits its production targets after the ball mill is operational. If even with that it cannot hit its production targets, then that will be the straw that breaks the camel's back for me.
They may have believed the spot silver price would have solved their problems for them in development planning (which would have been somewhat true @ $35), but that turned into a costly assumption.
Yeah. That turned into a costly assumption for me too. I can't even make myself look at the CCU SP. The only bright side for me is my Bitcoin investment covers ALL my share losses by at least double (at the current bitcoin price of ~$125).
Not really, it was only a very small investment (3K) when bitcoin was < $5. I was prepared to lose it all.
Is that still true @125 ? If not think carefully about managing your downside risk i dont think you can buy puts on bitcoin
AngloSaxon - I'm watching this 0.130 line too. It's an important support stretching all the way from 3 years ago when silver price was $17/oz. If this breaks, next significant support is 0.050.
So what do we do (first time I've have this happen)? I see that they have increased in value is that good or bad?
Don't you guys read the announcements of companies you own ? (I don't hold any) rights issue was announced April 24th right to buy new shares at 13 cents each on a 2 for 5 basis if you don't want to take up the rights you can sell them on market to someone else to buy the new shares Obviously value of the rights will rise/fall while the share price is > 13 cents
Free money right now with SP @ .15 , if I was still holding I would sell CCUR and recoup some of the recent loss or hold the fiat and buy back in on the drop this will cause in SP. If CCU is less than 13 cents at the time of expiry they will be worthless.
Hang on tight fellow CCU holders! Worst case scenario this 0.130 support line breaks and it heads to next support of 0.050 (although imho this will be really be more irrational selling). Regardless of how the company does in this current capital raising activity, the bottom line is that they will have to perform these next two quarters. Hopefully they don't disappoint!
Posted today a talk with Ian Lawrence http://hotcopper.com.au/post_threadview.asp?fid=1&tid=2003841&msgno=9344883#9344883
