Iam expecting CCU will start to move north post the pricing period finishing on Monday. It makes perfect sense for the price to be held down whilst the pricing period is going on, means the price for the SPP looks rather attractive and for any punter out there to sell $15K worth of stock now on market knowing they will be buying it back at a 20% discount.
The stock is fairly thin on the sell side with scraps back to 9c. Anyone looking for a short term trade should be considering this as Silver continues to hold up / move in the right direction, CCU post SPP should move back towards the 10c region without too much effort
CCU Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
