A1M 1.67% 29.5¢ aic mines limited

A1M: General Comments, page-569

  1. nk
    3,098 Posts.
    lightbulb Created with Sketch. 136
    Now if some type of copper corner is in the making then we could see a spike over $US12000 tonne.

    what does a smart small cap copper producer do if that happens....sell forward into the spike.

    once the corner is unwound the price deflates...and the smart small cap copper producer buys back their position at a handsome profit, still has the copper anyway to sell later.

    sell strength....buy weakness!

    this is the opposite to some not so smart WA based gold producers who sold forward vast amounts of gold at a price less than current AISC to secure debt when the sensible option was use shareholder capital not secured debt and one has now gone bellyup and others are bereaved.
 
watchlist Created with Sketch. Add A1M (ASX) to my watchlist
(20min delay)
Last
29.5¢
Change
-0.005(1.67%)
Mkt cap ! $169.8M
Open High Low Value Volume
29.5¢ 30.5¢ 29.0¢ $281.9K 945.2K

Buyers (Bids)

No. Vol. Price($)
4 128802 29.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.5¢ 47408 3
View Market Depth
Last trade - 16.10pm 05/09/2024 (20 minute delay) ?
A1M (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.