Agreed. The CR they did was brilliantly timed to take advantage of the surging copper price, and they now have cash in the bank to support their expansion plans, probably for the next year at least. However, the collapsing copper price is going to put pressure on their margins going forward through the next few quarters perhaps. It looks like the market has already decided the SP is going to sit in the low 30c for the forseeable future.
All IMHO, DYOR
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Last
30.5¢ |
Change
-0.020(6.15%) |
Mkt cap ! $222.7M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.0¢ | 30.5¢ | $455.9K | 1.450M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 384622 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 97372 | 7 |
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| Last trade - 14.23pm 29/07/2025 (20 minute delay) ? |
| A1M (ASX) Chart |