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55.0¢ aic mines limited

Man, look at the overnight copper price of US$4.76/lb. Thats...

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gofor

223 Posts.

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14/05/24

07:20

Post #: 73807392
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Originally posted by DetiMr ↑

I was also an MEP holder, but deny being a crusty old bunch.
But I agree with you, I will definitely hold on and we will break the old sp high from 7 days ago imho. Why so ?
'The copper price seems to be heading up again' , we are very close to the old 5 year highs in May and Oct 2021 and last in Feb 2022.

Explanation from 'Trading Economics':
"This magnified ongoing supply concerns that triggered a sharp rally for copper in the second quarter. Cobre Panama, the world’s largest open-pit copper mine was suspended, while power cuts in Zambia hit key mines. The difficulty in securing supplies and lower margins for smelters in China resulted in a potential cutback of 10% in this year’s output.
Finally, high costs of committing to new mines drove industry players to attempt M&A activity with rivals instead of starting new projects, recently headlined by BHP’s attempt to buy Anglo American.
On the demand side, high copper demand due to its role in electrification sustained the bullish outlook in the longer term."

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Man, look at the overnight copper price of US$4.76/lb. Thats phenomenal. Surely our SP will change direction today and head north. I bet it does, and benefit quite a few other Cu stocks too.
You beauty...

A1M Price at posting: 47.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 55.0¢		Change -0.005(0.90%)		Mkt cap ! $254.3M

Open	High	Low	Value	Volume
57.5¢	57.5¢	55.0¢	$1.070M	1.910M

Buyers (Bids)

No.	Vol.	Price($)
2	51632	55.0¢

Sellers (Offers)

Price($)	Vol.	No.
56.0¢	116798	3

View Market Depth

No.	Vol.	Price($)
2	51632	0.550
6	166101	0.545
12	132313	0.540
11	138632	0.535
21	350164	0.530

Price($)	Vol.	No.
0.560	116798	3
0.565	46273	3
0.570	38554	3
0.575	26667	4
0.580	34320	3

Last trade - 16.10pm 28/05/2024 (20 minute delay)


Last 56.0¢			Change -0.005 ( 1.82 %)
Open	High		Low	Volume
57.0¢	57.5¢		55.0¢	657603
Last updated 15.59pm 28/05/2024 ?

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