URL universal resources limited
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fs and copper price not good enough

  1. rocketmon
    1,585 Posts.
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    22/02/08
    00:07
    Post #: 3382103
    I don't understand why URL stays at 6~7c?

    initial capex $177m
    production cost $1.26/lb
    current 27 month sell copper price $3.30/lb

    isn't it good enough to secure the finance?

    can't URL place 20,000t of 27 month copper put option at the current price? wouldn't secured $80m+ future profit sufficient to get $177m finance?


    URL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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