I agree with you completely, they should mine for best operation and performance long term etc etc. No need to provide the market with sugar hits. So why tell the market that they've achieved "sensational cashflow" when they clearly haven't ? I'd say the market was expecting a bumper profit quarter, after the copper price had been supressed for 2 years. I'm wondering where does the copper price need to be for A1M to be expanding its profit margin ?
All IMHO, DYOR
Ann: Quarterly Activities Report, page-19
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $172.7M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.0¢ | $61.54K | 205.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 268931 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 15250 | 3 |
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| A1M (ASX) Chart |