Cobar (CCU)

Discussion in 'Stocks & Derivatives' started by gelxi, Apr 23, 2013.

  1. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,138
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    22 per cent up for the day at the time of this post.
     
  2. PradoEagle

    PradoEagle Member Silver Stacker

    Joined:
    Jun 11, 2011
    Messages:
    587
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Perth, Australia
    Trading halt today. Anything moving?
    PE
     
  3. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,785
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Silver Stackers forum
    Might have something to do with the relining of the ball mill?
     
  4. AngloSaxon

    AngloSaxon Active Member

    Joined:
    Oct 26, 2012
    Messages:
    1,862
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Sydney
    2x new Directors interest notices released during the trading halt. Anyone care to guess at what is happening?
     
  5. whinfell

    whinfell Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2012
    Messages:
    3,404
    Likes Received:
    120
    Trophy Points:
    63
    Location:
    Australia
    Slightly more than a trading halt - CCU requested a suspension from official quotation "... to allow the Company further time to finalise restructuring of its financial arrangements ..."

    The two Directors interest notices relate to the new directors appointed in December. Not sure whether or not it's coincidence their interest notices appear this week? :/
     
  6. BiGs

    BiGs Active Member

    Joined:
    Jan 20, 2014
    Messages:
    821
    Likes Received:
    63
    Trophy Points:
    28
    Location:
    Sydney
    [​IMG]

    Capital raising by inflation of shares for existing shareholders at 20% discount... has ironically now dropped 20% loss in two days and are at a new all time low. I suspect more selling next week too. I have been keeping track on various silver ASX stocks and CCU might be a good punt soon perhaps. As soon as this cluster fcuk is over we can see where abouts the bottom is, aye.

    Can someone shed some light on a section on the company wrap sheet... The line highlighted, are they saying that they will keep profits from this mine as physical silver holdings? Is that what they mean by that 'reserve' portion of expected yield?

    [​IMG]
     
  7. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,243
    Likes Received:
    1,461
    Trophy Points:
    113
    Location:
    Sydney
    CCU is my biggest mistake in life...
     
  8. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,543
    Likes Received:
    77
    Trophy Points:
    48
    Location:
    Dreamworld
    Reserve is that part of the resource that are definitely mineable (in theory). Nothing to do with with holding on to something.

    See here

    Why do you have an interest in this company? Because it's cheap?
    They can say they've got this many millions of ozs of resource and reserve but the overwhelming odds are that they will fail to mine them profitably.
    You might think it's about leverage to silver but its really about high salaries for the managements and commissions for brokers and interest for lenders.

    Have a look at silver bonanza Alcyone Resources (AYN) - it's literally as low as a share can go ($0.001), and AYN is the resurrection of another company, Macmin Mining, that went broke after a decade or so of losing shareholders money while directors prospered. Same asset, new story, same result. Old wine new bottles - shareholders lose again.
     
  9. BiGs

    BiGs Active Member

    Joined:
    Jan 20, 2014
    Messages:
    821
    Likes Received:
    63
    Trophy Points:
    28
    Location:
    Sydney
    Yeah ok, that makes sense now. Looking at half dozen tiny cap silver stocks CCU seams to be the only one actively doing something, spending on capital etc and their net debt to equity % is in the positive now. It will definitely be speculative and I will probably spread across at least 3 PM small cap stocks. I have never bought a small cap before, but if I do, I will be writing off that cash as soon as I press that button.

    I wouldn't touch AYN. Way too much debt ($4mil on a 7mil cap company) and it is greatly increasing, look at the 2012-2013 increase in debt/equity, more then triples. I would say bankruptcy imminent.
     
  10. BiGs

    BiGs Active Member

    Joined:
    Jan 20, 2014
    Messages:
    821
    Likes Received:
    63
    Trophy Points:
    28
    Location:
    Sydney
    As I suspected, more selling today. -18% with silver up even. Bears are in full swing xD.
     
  11. millededge

    millededge Active Member

    Joined:
    Sep 4, 2010
    Messages:
    2,491
    Likes Received:
    25
    Trophy Points:
    38
    Location:
    camp x-ray, spelling division
    Sheesh, how much do you get out of the house?
     
  12. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,243
    Likes Received:
    1,461
    Trophy Points:
    113
    Location:
    Sydney
    and its gone
     
  13. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,917
    Likes Received:
    379
    Trophy Points:
    83
  14. BiGs

    BiGs Active Member

    Joined:
    Jan 20, 2014
    Messages:
    821
    Likes Received:
    63
    Trophy Points:
    28
    Location:
    Sydney
    BOOM BABY!! Glad I didn't buy...
     
  15. Dynoman

    Dynoman Active Member

    Joined:
    Oct 19, 2010
    Messages:
    1,473
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Geraldton
    Just goes to show that exploring is one thing, producing is something else. I too thought the Sprott announcement was the savior, also the recent injection of infrastructure money into the Cobar area. Too bad.
     
  16. Greenman

    Greenman Member Silver Stacker

    Joined:
    Dec 6, 2012
    Messages:
    551
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    Australia
    Another one off my watchlist.
     
  17. BiGs

    BiGs Active Member

    Joined:
    Jan 20, 2014
    Messages:
    821
    Likes Received:
    63
    Trophy Points:
    28
    Location:
    Sydney
    I moved them to my incompetent miners watchlist, which is getting pretty big of late ;)
     
  18. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,138
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    Another dud tip from Dr Alex Cowie of Diggers and Drillers fame.
     
  19. millededge

    millededge Active Member

    Joined:
    Sep 4, 2010
    Messages:
    2,491
    Likes Received:
    25
    Trophy Points:
    38
    Location:
    camp x-ray, spelling division
    I was close to coming back in to this one, as it did very well on the big run up in 2011.

    For those that held out here, especially those that lost everything or near everything they invested, it is hopefully the only time it will happen to you. Be scrupulous to percentages. Every trade has a winner and a loser. As it is your money, don't be the loser.
     
  20. boston

    boston Active Member Silver Stacker

    Joined:
    Jul 7, 2009
    Messages:
    3,915
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Australia
    Too late. :(
     

Share This Page