CCU cobar consolidated resources limited

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  1. 4,017 Posts.
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    I think maybe people are selling out because the seasonal rally in the POS that generally occurs around Christmas/New Years hasn't materialised, and it's time to move on. The strong buying that steps in below 40 cents indicates that this is a cheap stock.

    The SP is still cheaper than it was before the bad announcements in November. The POS is holding up around $30, plus we have a contract to sell a portion of the production at $33, so the company is ahead.

 
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