whilst the Orbost production numbers are very disappointing, it seems L1 Capital is gung-ho and bullish on Cooper's prospects.
They are now up to 17.15% - that's a big investment, and a high conviction.
Obviously they are confident that Cooper will get Orbost to eventually hit nameplate.
What they will have deduced, is that Cooper's cashflow, even based on the poor performance of Orbost, is cashflow positive and profitable - ie so downside has some limitations.
Ann: Change in substantial holding, page-2
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $554.4M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.5¢ | $408.3K | 1.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 599000 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 541496 | 11 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
21.0¢ |
Change
0.005 ( 2.44 %) |
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| Open | High | Low | Volume | ||
| 20.5¢ | 21.0¢ | 20.5¢ | 10626558 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| COE (ASX) Chart |