CCU - Cobar Consolidated Resources
- Thread starter yogi-in-oz
- Start date
Exciting to see the share price start to take off again. Missed out on buying when I first noticed this stock and watched it climb over 40c, then managed to get in at 16.5c around six months ago and not much action since then. Appears patience is indeed a virtue. Only regret I have is not trusting my judgement enough to take a larger stake! Now the question is how far will it run and when to sell. Difficult to put a value on this one but there certainly seems to be some momentum building now...
The rumours that the JP Morg has stopped shorting silver is having an effect around the traps I think. 10% yesterday and not looking to drop back today. Not too concerned if it did though, clear upward trend and fundamentals are there.
A week in and 15% up I cant complain but im a medium term holder
A week in and 15% up I cant complain but im a medium term holder
Was at one point over 18% up today. Price of silver continues to edge higher perhaps a breakout in January. At the current Silver price my fundamental analysis gives me an EPS after production (in 11 months) of 24c.
This means I would expect the price of CCU to grow to $1.50 - $2.00 in 12 months. This will of course be higher if the price of silver continues to rise also, which I think is very likely.
Buying in at 45c was a no brainer, and even at 65c two weeks later its still undervalued on fundamentals. There is significant risk, but to get to the current market cap with a DCF you would have to use a crazy discount of 60% or something. CCU is not that risky.
This means I would expect the price of CCU to grow to $1.50 - $2.00 in 12 months. This will of course be higher if the price of silver continues to rise also, which I think is very likely.
Buying in at 45c was a no brainer, and even at 65c two weeks later its still undervalued on fundamentals. There is significant risk, but to get to the current market cap with a DCF you would have to use a crazy discount of 60% or something. CCU is not that risky.
Sharkymon
Hobby Investor
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Brought these guys at 24c early last year, so it's good to see the patience starting to pay off. The initial advice I had was to cash in once the JORC resource was announced, but (as my wife will attest) I dont always follow advide - sometimes to my detriment.
In this case however, my ignorance (stubbornness) has paid off and I'm happy to wait and see where CCU can go.
In this case however, my ignorance
(stubbornness) has paid off and I'm happy to wait and see where CCU can go.- Joined
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Wow this stock has one beautiful looking chart... don't know how I missed this one on my scanners. Too late into the move for me now. Good luck to those holding.
Just found it today. Will be watching with interest.
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Hi folks,
CCU ... expecting a positive time cycle to bring the market spotlight
on this one, around 22022011 ...
have a great day
paul
===
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Hi folks,
CCU ... expecting a positive time cycle to bring the market spotlight
on this one, around 22022011 ...
have a great day
paul
===
Hi folks,
CCU ... CCU has had a great run up since August 2010, but figure the party
is over for a little while, making its recent high on 22022011.
Some key dates ahead for CCU, may be:-
29-30032011 ... minor and positive cycle due here
22-26042011 ... minor and positive time cycle
16-20052011 ... a cluster of 4 minor, but positive cycles, expected to
bring some positive news for CCU
have a great day
paul
=====
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The rumours that the JP Morg has stopped shorting silver is having an effect around the traps I think. 10% yesterday and not looking to drop back today. Not too concerned if it did though, clear upward trend and fundamentals are there.
A week in and 15% up I cant complain but im a medium term holder
I don't own this stock - I own a bit of the real thing and usually invest in other sectors but am on the lookout for some good silver producers in Oz as I see silver $50 easy by end of year. I still think JP Morgan and their mates at HSBC are shorting and now it look as though they are trying other tricks.
http://seekingalpha.com/article/259...ke-and-take-delivery-of-its-own-silver-shorts
ps- congratulation to long term holders of the stock, has been an outstanding performer.
Country Lad
Off into the sunset
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anyone got any idea when they will actually start production and selling some silver?
