"The broker has cut near-term earnings forecasts but lifted medium-term due to uplifts in mining grades at Golden Grove."
The freefall now looking to go to 34ish, appears to give no credence to the other business in 29M and just punishing them for the tailings issue that definitely needs to be addressed before any positive move will occur IMO. It seems that we will have a more definite idea over the next 3 months of whether , if anything can be achieved to rectify this situation. I retain a small holding in anticipation. Any sniff of positive action to produce copper again will quickly change the direction. I have to say that the Macquarie assessment surprised me. They are quietly remaining positive it seems.
Ann: Quarterly Report for December 2023 Quarter, page-52
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Last
43.5¢ |
Change
0.010(2.35%) |
Mkt cap ! $305.3M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 44.0¢ | 42.0¢ | $654.0K | 1.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27987 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 133084 | 13 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| 29M (ASX) Chart |