As expected, they are getting up to nameplate. The short term loan has been pushed back (which is what my gut was telling me) and they are renegotiating terms with CBA (I suspect the term of the loan will be extended so repayments aren't as high, giving them some breathing space and an opportunity to )
It really now comes down to the price of silver. CCU is now pretty much purely a leveraged play on the POS.
Ann: Operations and Corporate Update , page-5
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