RE: 0.025 or 0.035 or $0.000?Do my homework? Hmm. I see $2MM negative cash flow a month and ZERO possibility of every being cash flow positive vs $3MM in cash at year end. It doesn't take a genius to figure out those economics.
We see defaults on the debentures (no surprise as they have no cash). I see deferred forward settlements that are about $10MM and increasing about $2MM a month. And then there's the interest on the $52MM Investec debt that has to be paid (let alone the principal). There is no way CCU pulls of the hole.
The creditors won't get paid back in full, let alone the shareholders (who are last in line).
$0.025 is $0.025 too high for CCU shares.