It is a shaky market at the moment. There is a loss in revenue in the Capricorn Operation on top of the initial restart cost. For FY2023 since they are aiming for 7,000 to 9,000 tonnes of copper.
Assuming a $4.00 USD per pound copper price, 0.65 exchange rate and the costs from the Strategic Update the Capricorn Copper operation will have a 18 to 38 million dollar loss for the year excluding the recovery costs. In the long term the copper price should go up but in the short term it is hard to say and i am no expert.
Also according to the 2022 Annual Report the total equity is roughly 715.7 million dollars.
I snagged a small amount at 70 c, hopefully things don't get too choppy.
Strategic Update May 2023
Annual Report 2022
GLTAH, DYOR and Happy Trails.
It is a shaky market at the moment. There is a loss in revenue...
Add 29M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
40.0¢ |
Change
0.020(5.26%) |
Mkt cap ! $280.7M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 40.0¢ | 37.5¢ | $546.1K | 1.394M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10239 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 177673 | 11 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| 29M (ASX) Chart |