Hold both CCU and RHM, very different companies at different stages, RHM EV is also a lot smaller and undergoing a re-rating phase at the moment with new projects. CCU had a re-rating phase (started similar market cap to RHM) from September through November, then consolidation pattern (falling wedge) from there to January.
Possible next re-rating phase is beginning here on CCU with higher silver prices and BFS moving closer to completion and a production decision. Notice how 21-20.5c has been replenished last 6 trading days? Further buyers are probably waiting for gold to show traction at these prices before testing 22-23c sp levels and 50dma. If not then expect support to kick in again around ~18c. The choice for silver exposure on the asx remains very limited which will also work in CCUs favour.
CCU Price at posting:
20.6¢ Sentiment: LT Buy Disclosure: Held