K&D66 - this is a small mine - it won't be the death of Cobar by...

K&D66 - this is a small mine - it won't be the death of Cobar by any stretch. The company isn't going to fold - Magna will just keep underwriting issues like this and pick it up for a song, then sell it on to someone else - unless we participate and exercise our entitlements.

I understand you selling out - fair enough - I have to go home today and sit down with my partner and discuss what we are going to do - whether I put more hard earned in, keep what I have or realise the loss.

CCU is a victim of many forces - some of their own making (plant plan) and many externals - general poor sentiment within the sector and a brutal sell down in the price of silver.