Great refresher MI. The rest depends on new guy and team to push through resistance on the chart with published results. An opportunity to pick up on any perceived dip IMO with delay until mid February. I'm in low so not selling as a long play. Pleased to see push on copper which is in deficit world wide and will be for some time to come given that Covid 19 is still playing havoc with South American copper miners and of course we know about iron ore. It is true the USA $ is coming off and our dollar is rising, but in the current supply deficit, Australian miners are still most able to supply a necessary good, and they will for some time, then the rising $A is only going to advantage Aussie miners' bottom line because price multiplied by quantity equals value. This is contrary to the usual scenario when a low dollar boosts quantity to add value. Don't see any reduction in quantity demanded with the push to electrification and a rising copper price when competitors are able to increase supply. A paradigm shift in demand.
HLX Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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The rest depends on new guy and team to push through resistance on the chart with published results. An opportunity to pick up on any perceived dip IMO with delay until mid February. I'm in low so not selling as a long play. Pleased to see push on copper which is in deficit world wide and will be for some time to come given that Covid 19 is still playing havoc with South American copper miners and of course we know about iron ore. It is true the USA $ is coming off and our dollar is rising, but in the current supply deficit, Australian miners are still most able to supply a necessary good, and they will for some time, then the rising $A is only going to advantage Aussie miners' bottom line because price multiplied by quantity equals value. This is contrary to the usual scenario when a low dollar boosts quantity to add value. Don't see any reduction in quantity demanded with the push to electrification and a rising copper price when competitors are able to increase supply. A paradigm shift in demand.
