Molotov,
I agree with bull73's assesment. CU prices have been under pressure because of slower Chinese growth and Euro problems. According to a Reuters report, Spain's banking system is under pressure and bond yields have gone up again. ABY's cu production cost around $2.4/lb last year. They seriously need to reduce the cost by lifting production throughput.
BTW - does anyone know how the cash cost per pound of CU has tracked since ABY went public? Is it decreasing?
I think divvy will be delayed or if announced rather small. They will want to be cautious.
There's also the possibility of sp falling further although it appears their's good support around 55c. May be, good buying opportunities will present.
aby up 5.4% and selling subsided, page-12
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84.5¢ |
Change
-0.005(0.59%) |
Mkt cap ! $79.39M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 84.5¢ | 82.0¢ | $9.005K | 10.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 319 | 83.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 21488 | 1 |
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| ABY (ASX) Chart |