Haven’t you really answered your own question? The share is a proxy for the copper price at present. Not even the experts can pick commodity prices accurately so the 52c brigade got caught out.
As far as proxies go it is a good one with dynamic competent management who will be able to get cracking if the copper price moves.
Potentially they might be able to succeed despite the copper price as well.
So each of us must decide a) what copper will do, and b) if nothing, whether the share is worth holding.
Personally I just see good management as providing some optionality should copper not move, as well as limited short-term cashflow which has to be better than holding, say, an explorer.
Haven’t you really answered your own question? The share is a...
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $210.1M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 35.5¢ | $704.3K | 1.930M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 116243 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 55600 | 3 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| A1M (ASX) Chart |