CCU to Buy BCE ,or was it GM?absurd posts about ccu buying anyone. Face the facts, we have a low grade mine with airly big start up problems which management cant seem to solve (at least they did in September but then what has happened); a couple of other potential low grade mines and a gazillion shares.
No one in their right mind would think that CCU can buy anyone of any credibility because of all the paper that they would have to issue. No one will buy CCU unless the problems get straightened out. Only other bet is that people in the know may know a bit more and take a run at the company.
For all the conspiracy theorists - stop posting and instead approach both the OSC, the RCMP and even perhaps the SEC. While not registered on a US exchange, the company still does business in the US. As a last resort the board has an ethics line directly to the board- if you believe there are improprieties, then let them know that. Short of that and perhaps coming to the annual meeting, my advice is to stop posting dire warning and theories. The longer this hovers at these levels, the longer management fails to turn this around and the more some of us start questions a bit more whether someone is really up or not.
An open question to all the conspiracy theorists - why did management not envoke force majeure on the hedge program once they knew that they had run out of acid (as the supplier envoked force majeure) and so the pain of the hedge would have been put aside? I aksed management why they did not issue a release when they ran out of acid and they did not think that it was material - give me a break!
okay - lets start the discussion again with some furvour!