AIS will still produce excellent margins at current prices ~$1.40 AUD per lb. Maybe not as stratospheric as at US$5+.
I'm assuming some prospective buyers want to see them hit guidance this quarter before moving, and some current holders are just taking the tax loss opportunity.
Either way it could lead to July to be likely turning point based on the potential for a strong quarter, reduction in debt and returning buyer interest.
Copper news, page-1230
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Last
21.0¢ |
Change
-0.015(6.67%) |
Mkt cap ! $203.1M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.0¢ | $743.5K | 3.458M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 799763 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 380563 | 3 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AIS (ASX) Chart |