Pulled this from investing news - dated July 10 2019:
...In terms of pricing, most analysts and economists agree that copper’s numbers are set to rise over the next two quarters. While some predict a year-end copper price of approximately US$6,000, others are more bullish, with a forecasted Q4 average of US$6,500.A poll by FocusEconomics released this month saw United Overseas Bank take the most bearish stance on Q3 copper prices at US$5,800, while OCE Australian Government was the most bullish at US$6,680..
I just checked and copper is: US 5,659.00 so it looks like the bears were right I still took the retail offer thought it a good deal and hopefully the bulls will start moving the cu price up and a lower aud should help but who knows - I see Freeport have gone underground from open cut to dropping output.
MLX Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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