Thanks for the accounting insight guys. I am just thinking... if...

Thanks for the accounting insight guys.

I am just thinking... if there is a 25% dilution of shares now.

There would be 329m x 0.25 x $0.105 = $8m of debt-free cash injection into the company.

Yes it would hit the share price no doubt in the short-term (and allow buying opportunities for some)

But, it would not only reduce liabilities to $20m, but also provide cash-flow breathing space, which in turn will allow CCU a bit more time to reduce cash cost to $19.00 and turn profitable within 2+ years max.

Long-term, it is actually a good thing.

Imagine in 2017 CCU mining at cash cost of $19 while silver price being $30.

EPS of 6.5c / share!

Call me optimistic, but I reckon this is realistic.