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0.00% 5.8¢ cobar consolidated resources limited

worst case scenario, page-26

  1. mjshackl
    3,861 Posts.
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    02/10/13
    10:50
    Post #: 12396917
    My take on it is that they will complete another underwritten placement similar in nature to the one conducted in April - May. The bridging loan is just there so they can continue to operate until this is completed.

    Unless the price of silver stages a miraculous turnaround I can't see any other way out.

    The US govt carry on is boosting the AUD, which is in turn depressing the POS even further.
    CCU Price at posting: 13.5¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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