S32 1.74% $3.68 south32 limited

Sierra Gorda copper mine, page-41

  1. 5,580 Posts.
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    Noted, Arja,

    I am surprised at the recent down - S32 increases its EBIT by ~19% without a call on shareholders so increased eps, alongside the benefits of the buyback.

    Cu is an attractive commodity, the mine is operating and profitable, price not expensive, jurisdictional risk on changes to tax laws is shared with the vendor.

    PoC may be down a little, yet the long term trend is for solid rises on strong demand.

    What am I missing?

    Ash
 
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