rudders...i guess you have to ask yourself this question first - Can the copper price fall further over a sustained period with already low cu inventory levels? - If it does i guess you would close out your hedge book and pay off the debt
Sell core assets - platmin still is a pretty attractive asset especially to someone like xstrata you would think - given their push into the platmin market
I think the side issue here is the probability of getting taken out by someone right around the low in the market - The question is what would it take to get control of the entity and there inlies the real value of cuo in my view - soon people must come back to the fundementals of the businesss - what would you be willing to let your shares go for - a lot of the current shareholders have been onboard from the getgo... so the current price looks very cheap indeed...
CUO Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held