That's their predicament summed up very well. They just need to survive 2 years and the copper price should be on a roll. The loan arrangements are obscene though, it could easily doom the company, I can't believe they put the company into this position. Completely reckless.
If they fail it will 100% be because of poor management and the assets will quickly be snapped up by BHP or another large player. They are currently fleecing retail investors who are panicking right now.
That's their predicament summed up very well. They just need to...
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $222.5M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.5¢ | 21.5¢ | $384.8K | 1.718M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 329167 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| AIS (ASX) Chart |