CCU 0.00% 5.8¢ cobar consolidated resources limited

not able to pay bank on time, page-11

  1. 3,865 Posts.
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    If it goes into admin, the shareholders will lose everything and The bank will sell the company for what they are owed (plus a little more). They will get their money back.

    I see Magna then picking up the rest of company and putting it into C&M until the silver price picks up. It won't be the first time this has happened.

    As long as CCU can service the interest on the loan and then some, I think CBA will refinance under a longer repayment plan.

    Lead credits haven't come into the picture yet.

    But the Price of Silver isn't playing ball.

 
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Currently unlisted public company.

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