If there needs to be restocking the answer becomes less important. My sources indicate that restocking of concentrate from smelters pre-refining is where pressure is coming from. It's reflected in lower TC/RC premiums. The situation is very akin to U, before the jump.
However, I would give it till Q3 2024 to become more obvious. A combination of natural usage and US interest rate falls. Of course, the Fed is likely feeling exactly the same. The Ox is slow but the earth is patient.
All IMVHO.
PS My intention was just to communicate what a typical insto. is saying. You would know it's, "live by the insto die by the insto".
- Forums
- ASX - By Stock
- Ann: Retail Entitlement Offer Results
If there needs to be restocking the answer becomes less...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXM (ASX) to my watchlist
|
|||||
Last
25.5¢ |
Change
-0.025(8.93%) |
Mkt cap ! $195.8M |
Open | High | Low | Value | Volume |
27.5¢ | 27.5¢ | 25.5¢ | $306.0K | 1.144M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 489809 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 74000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 489809 | 0.255 |
15 | 831044 | 0.250 |
1 | 44000 | 0.245 |
7 | 137166 | 0.240 |
4 | 42931 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 74000 | 2 |
0.270 | 81346 | 1 |
0.275 | 117946 | 1 |
0.280 | 403798 | 7 |
0.285 | 21000 | 1 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
Featured News
RXM (ASX) Chart |