I wouldn't be too worried about junkets at this stage... are you looking at the copper price?
The 6-$7lb incentive price that NAB talks about is in the dustbin for as long as China's property and construction sector is in the bin. Add in the woes of the US and Dr Copper is looking like Dr Gloomy to me.
HCH could well drop 15%+ from here but why would you buy it because that drop would be as a result of the cooper price collapsing and they sure as hell wouldn't be going into production. They might get a low ball offer or go into C&M.
The copper price is collapsing!
How inventories can go from Zip to overflowing in 6 months is beyond me...
$?Bill in a ? Life mine, page-27572
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Last
84.0¢ |
Change
-0.010(1.18%) |
Mkt cap ! $127.1M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.0¢ | 77.5¢ | $347.1K | 439.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 776 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 2654 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| HCH (ASX) Chart |