Why buy now prior to results? We all know results will be bad...

Why buy now prior to results? We all know results will be bad and that there is blood in the water.
Better wait for things to clear and if situation stabilises, we can buy on the upside. This can go to 10c, 5c, 2c in the coming 12 months, who knows?
The only positive is based on past performance, which is in the past and of little value now.
Very poor financial prospect for this going forward. USD is strengthening on higher inflation which is driving gold and other commodities down.
A strong USD is not what we want. Global economic conditions on higher interest rates and likely suppressed productivity
will not help copper prices. Demand will slump on supply surge from marginal miners such as 29M.
As many have said, operations likely to be mothballed until copper recovery at best, VA at worst!

- Debt is not serviceable.
- ASIC too high
- Bleeding cash
- CEO left at a good time.