CCU 0.00% 5.8¢ cobar consolidated resources limited

based on the 6 monthly report things are grim, to risky to put...

  1. nk
    3,086 Posts.
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    based on the 6 monthly report things are grim, to risky to put any more money into this, its on the verge of being insolvent. Current liabilities are $25m versus current assets $7.5m
    You have to be hardnosed here and redeploy capital elsewhere, plenty of better opportunities amongst gold juniors.

    You are better off buying into juniors with plans to produce in the next 12 to 18 months when gold and silver will be a lot higher.

    CCU will require a major recapitalisation to survive, existing holders are likely to be severely diluted in such a scenario
    juts my humble opinion of course , based on having endured at least 3 bankrupt juniors. I always made my money back plus more by walking away from the wreckage and reinvesting the risk capital elsewhere.

    And of course there is no greater teacher in the markets than losing money, and then not getting caught in the blame game but just looking ahead for better opportunities.
 
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Currently unlisted public company.

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