As this is a mine already in production and copper prices are at elevated levels, good revenues will start immediately. I also notice that S32 has a deal that they can claw back up to $500m of the purchase price if copper prices fall significantly over the next few years.
As long as the world does not slip into a recession and commodity prices collapse I believe the $1 billion loan will be paid off very quickly with the current low interest rates. IMO Good move into copper as a lot of people have been suggesting for some time.
Adriatic Metals - Zn-Pb-Ag in Bosnia and Serbia, page-5
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Last
$3.81 |
Change
-0.045(1.17%) |
Mkt cap ! $17.32B | |||
| Open | High | Low | Value | Volume |
| $3.85 | $3.87 | $3.80 | $23.69M | 6.188M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 147 | 242730 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.81 | 869045 | 75 |
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| Last trade - 15.34pm 05/07/2024 (20 minute delay) ? |
| S32 (ASX) Chart |