Bigsimes...you are too nice. The bearded wizard said that in a cryptic way last week not to mention five years of QE1 -3 plus operation twist and they are still printing and PM are still under pressure. The reasons I got back in to CCU, the price of silver at $19.50 was way under sold and that at 10c CCU they were way under sold, considering the ann. (June I think) that they were addressing their production issues re: ball mill and this retort thing. If the ball mill and retort thing was to bring them up to name plate production (2.4million oz: thanks sys28) then even the price of silver would not stop the sp from jumping through a few higher hoops. Don't forget that they are selling their silver at a hedged price of $26plus per oz. Its crap that there is no update.
In this case, no news is bad news, just like before the sp bombed from 60c there was a lot of screaming about a lack of news. I always keep in mind that the bosses don't work for us, they answer to a higher authority; the banks.
Depth of market is crap too.
CCU Price at posting:
14.5¢ Sentiment: ST Sell Disclosure: Held
