Ozbecool,
I sold a third of my holdings a week or so back. I too think that it's going to keep going down until there's more clarity from Europe/China and the quarterly report suggests that guidance will be met.
Reuters has had a sell recommendation for a while. Another dubs dived service downgraded the fair value by 30% and indicated that ABY is now a moderate buy that too with a fair degree of risk.
As I indicated a few weeks back, I believe the sp may go below 50c. At that point, I may go back in again and get another parcel.
Great fundamentals with no debt, cash in bank, solid conservative management here but the production cost is high. If CU prices fell to $3/lb ABY will quickly become non-profitable. Mt. Gorgon is a question mark. Is the guidance attainable and at what costs? What's the remaining mine life? These questions point to the downside risks.
aby up 5.4% and selling subsided, page-15
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Last
$1.02 |
Change
0.020(2.00%) |
Mkt cap ! $93.95M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.05 | $1.00 | $4.005K | 4.004K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 345 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 2025 | 1 |
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| Last trade - 15.32pm 05/11/2024 (20 minute delay) ? |
| ABY (ASX) Chart |