Ann: Trading Halt , page-19

Sprott made a very clever move last week, am I correct in my understanding that the administraters now must deal with Sprott over all other bidders even Magna.

CCU Management had to of known that the company was going into VA early last week because noone was taking up their rights,so they extend the date to Friday, Friday morning Sprott does a deal for a six week MOU.
Monday morning CCU goes into a TH, Wednesday its in VA.

What is the plan from here? CBA need there money back but we all know that Sprott wants the mine or a large chunk of it, they dont want to loan money to the mine they want to participate in the Silver bull run that they beleive is still in tact.

They have slipped themselves into a very nice position, whereas before everyone would have assumed that Magna would be in the prime negotiating position now Sprott is.

My guess is that Sprott will negotiate with the Receiver, much easier than with the shareholders and they will come up with a deal that wipes out CCU's debt in exchange for equity in the company, the shares are going to be massively diluted but will be relisted on the ASX, without all the problems that it has now, so in my opinion there is hope. I think this company will survive.

PS: i don't have any stock in this company (I sold out at 0.18 a few months back,so I am not talking from an emotional viewpoint) I was hoping to buy back in at 0.02 but I think that was what Sprott was thinking too.