As this is a mine already in production and copper prices are at elevated levels, good revenues will start immediately. I also notice that S32 has a deal that they can claw back up to $500m of the purchase price if copper prices fall significantly over the next few years.
As long as the world does not slip into a recession and commodity prices collapse I believe the $1 billion loan will be paid off very quickly with the current low interest rates. IMO Good move into copper as a lot of people have been suggesting for some time.
As this is a mine already in production and copper prices are at...
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Last
$3.95 |
Change
0.040(1.02%) |
Mkt cap ! $17.89B | |||
| Open | High | Low | Value | Volume |
| $3.96 | $4.00 | $3.94 | $82.31M | 20.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 150422 | $3.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.95 | 84862 | 5 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$3.95 |
Change
0.040 ( 0.72 %) |
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| Open | High | Low | Volume | ||
| $3.96 | $4.00 | $3.94 | 8550675 | ||
| Last updated 16.10pm 29/05/2024 ? | |||||
| S32 (ASX) Chart |