Here’s my take on what’s been driving the STM share price over the past 12 months.
As recently reported in the FT, if Peter Ghilchik, head of multi commodity analysis at consultancy CRU, is correct about industrial metal prices:
“It looks like prices have hit or are near to a cyclical low and in general commodity prices should remain supported by supply concerns and other factors”,
and your long term view of copper demand for emission reduction electrification is positive, then this may be a good time to buy STM and hold while Malcolm Norris and the STM team advance Alba/Bramaderos and El Palmar over the next few years and allow the exploration fundamentals to deliver a very substantial share price rerating.
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Mkt cap ! $38.51M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 6815244 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 0.010 |
15 | 3557207 | 0.009 |
30 | 13105872 | 0.008 |
13 | 5965392 | 0.007 |
3 | 1950000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 6815244 | 10 |
0.011 | 6427084 | 11 |
0.012 | 4984938 | 13 |
0.013 | 2388432 | 5 |
0.014 | 1200000 | 3 |
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