Cobar (CCU)
- Thread starter gelxi
- Start date
SilverSanchez
Active Member
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.
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
Who's in?
PE
SilverSanchez
Active Member
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
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
MyNamesNotBen
New Member
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.
. 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.
Intraday low of 13c today
OneGoldKiwi
New Member
Any views after the quarterly activities and financial statement. (other than the obvious price consolidation)
Back to 18c
Ok, might be an interesting day with the $1 jump in silver.
AngloSaxon
Active Member
Heres hoping this is a turnaround for the security price.
Intra-day high of 23c, closed at 21.5c.
SilverSanchez
Active Member
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?
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"
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"
Silver Frost
New Member
^^^^^^^^^^
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
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.
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.