And that's why 29M is finding it hard to go any lower (~$1.16) - corporate sentiment towards copper is off the charts. Better than gold atm IMO.
When you throw in jurisdiction, capex costs to begin new mines, unhedged copper book, NTA, exploration success into virgin ore body etc etc..
Can understand the reluctance from long term holders to "throw away their shares" in the past few trading sessions.
New lens then - is this the bottom?
Above is not investment advice and my opinion only.
Ann: Capricorn Copper Update, page-18
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Last
37.0¢ |
Change
-0.010(2.63%) |
Mkt cap ! $259.7M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 36.5¢ | $389.5K | 1.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 143266 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 31669 | 15 |
View Market Depth
| Last trade - 13.59pm 13/11/2024 (20 minute delay) ? |
| 29M (ASX) Chart |