CCU cobar consolidated resources limited
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Ann: Trading Halt , page-7

  1. nk
    3,203 Posts.
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    19/04/13
    11:39
    Post #: 11665686
    The hedge book is $10million in the money

    They owe the bank $17milion

    They close out the hedge, raise extra cash to pay out the difference say $10 to $15million by underwiritten rights

    Voila debt free

    Relax everyone

    Though I could be wrong, but I feel relaxed


    CCU Price at posting: 18.9¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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