ROH - We will have to agree to disagree - I have the view LME stock piles are a useless indicator of world supply and demand and that view is backed up in the link I provided from the RBA.
Furthermore CDU is not currently selling copper in any receivable currency , not AUD not USD not even in Rupees or Drachmas. My personal view is the daily cu stock levels at LME and the daily copper price in any currency are not relevant to CDU - The current S/P is $1.77 thats 73c below the rights issue conversion price - clearly the Copper price going up in AUD or the declining LME levels are not helping the daily CDU share price.
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?