S32's Quarterly is imminent, reporting volumes and realised prices. Last year, they reported 22 July, so in about 2 weeks.
I jumped in for a trust I manage at 3.75, now trading lower. Funny, I kick myself hard for buying a few cents above bottom while never congratulating when the price goes up a buck.
I do think S32 is at or near lows. I expect solid production and reasonable prices.
FY results due late August will be interesting. S32 has strengthened the business every year in its short existence. Absent an M&A opportunity, I foresee a strong dividend and $$ addition to the buyback.
S32 is bidding for the Khoemacau Cu mine. The auction ought to be complete by mid August.
Ash
S32 Price at posting:
$3.64 Sentiment: Buy Disclosure: Held
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