Yes nearly any commodity operation is going to do well when prices rise and that might well happen but then the opposite could also happen, namely China slows down even more and 1st world economies go into a six month recession simultaneously.
Aeris is going to bump along the bottom earning little or no money until copper and gold prices go up by 25% - in my opinion these are a bunch of small mines that don't have the benefit of scale and never will. The FY24 guidance for both production and costs is underwhelming to say the least and I can't see the share price doing anything in the near term.
The LME copper price averaged around $8450/t in July and even though the cash price was $8720/t on 1Aug it has gone back to $8450/t on 4Aug and its hard for them to make money at that price.
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Last
25.0¢ |
Change
-0.020(7.41%) |
Mkt cap ! $241.8M |
Open | High | Low | Value | Volume |
27.0¢ | 27.3¢ | 25.0¢ | $996.4K | 3.847M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 1111427 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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25.5¢ | 520452 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 1011427 | 0.250 |
8 | 382661 | 0.245 |
15 | 572586 | 0.240 |
2 | 310000 | 0.235 |
6 | 73918 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 250452 | 5 |
0.260 | 585450 | 8 |
0.265 | 119231 | 3 |
0.270 | 52363 | 3 |
0.275 | 181600 | 3 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
25.0¢ |
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Change
-0.020 ( 5.66 %) |
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Open | High | Low | Volume | ||
27.0¢ | 27.0¢ | 25.0¢ | 1861818 | ||
Last updated 15.58pm 05/06/2024 ? |
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