I mean with their high AISC they are pretty bound to the copper price, i'm personally expecting continued weakness in ASX copper stocks for the rest of the year and am aiming to accumulate for supply issues to begin putting pressure on the price in 2024.
Pretty much all the miners are just going to be beholden to news out of China, but copper has inherent looming supply issues that things like iron ore etc. simply don't.
That said I wouldn't expect this stock to do anything incredible any time particularly soon if you're in a rush (IMO). As mentioned, lack of debt means AIS should be able to just weather the storm for a while though.
I mean with their high AISC they are pretty bound to the copper...
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Last
18.0¢ |
Change
0.015(9.09%) |
Mkt cap ! $174.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 16.5¢ | $336.0K | 1.962M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9500 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 507233 | 12 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| AIS (ASX) Chart |