What is occuring to AYN and CCU is regretable for all invested. I am not currently invested in either. BUT The FACT that smaller silver miners are starting to struggle to make a profit is bullish evidence for the future of the silver price. So my hope for CCU investors is that the company is able to stay afloat untill silver recovers.
I am surprised that this topic has not kicked off again given the rally in the share price. Who's in? PE
I think GP singlehandedly caused the rally with his 'small' buy I wanted to follow suit and buy some but now its over priced for the cureent spot
Has the issues been resolved? They have inflated their share supply, and not increased resource What is their all in cash costs? There are too many unclear points about how this company will go in the next 6-12months. The risks lower on better companies with more firm data points, its still risk untill the quarterly comes out
Im still holding a quarter of the shares I originally bought. CCU needs to go over 70c for me to make back my losses though. I wont be buying anymore CCU anytime soon, I lost all faith in this company when they NEEDED to go to the market to raise capital just to keep the company afloat AFTER becoming a producer. I know the falling silver price, oversized ore etc but there really isn't any excuse for such terrible management.
Any views after the quarterly activities and financial statement. (other than the obvious price consolidation)
Has this company published what their real costs are? All this money talk and ounces talk but not dollar cost talk.... What is their rate of losing money on production?
Proceeding according to an old script for this 'sector' of the ASX Company is skint again after cap raising in June Qtr and offering excuses Keep paying them those $160,000-$470,000 salaries. Cashflow for Quarter ended 30 June 2013 A/ Proceeds from issues of shares 12,275,000 B/ Cash at end of quarter 6,084,000 C/ Loan facilities: Available 17,905,000 Used 17,620,000 D/ Estimated cash outflows for next quarter Total 17,529,000 ------------------------------------------------------------- Magna Bridging Loan Sept 30th Excuses: "Notwithstanding the improved September quarter performance" (hahaha)... 1/the ramp up has been slower than expected 2/abnormally high rainfall 3/continued operating difficulties with the ball mill 4/impact of the lower silver price ..."necessitated a further funding injection for working capital"
^^^^^^^^^^ to continue...."the rich pockets we have been mining have almost been exhausted and ....the silver on SS can be got for less than CCU are getting theirs
If anyone here is still in this stock do you feel in control or helpless? There's the option to consider of taking control and taking the loss. Your remnant capital could then be redeployed - pick the right replacement stock and you might not only recoup the loss, it's not impossible you could turn it to profit. Also the loss you take here would be a CGT loss asset for a future tax return. Looking at the monthly volatility chart - it takes very heavy downside volatility for a price to make a monthly close outside the lower Bollinger band. The stock must recover quickly to be ok in my book. With CCU the price bars have stepped outside twice - in Nov '12 and Apr '13. The price looked to be recovering after the April instance but now appears to be fizzling. At 11.5c CCU is currently below the close of that outlier April bar (15c) so the market situation has deteriorated since that extreme event.
