I see that copper, gold and nickel are all up again overnight.
Highlandlad's post has his extract about copper:
There could be a very favourable coalescence of events happening at present for SPQ - copper price, gold price, nickel price (sort of anyway), Steam Engine news, Bottletree news; and this news from the report 2 days ago: We eagerly look forward to expediting the commencement of the CEI drilling. Watch this space as we update the market with new findings and the roll-out of our 2024 exploration programs.
- Copper hits a 14-month high in London as funds bet on higher prices. Citi raises its price target from US$9,200 a ton to US$9,700 in the next three months.
- "This is an expectation-driven rally driven by macroeconomic factors, less due to fundamentals. More funds are betting on upside in forward prices of copper" - an unnamed London trader quoted by Reuters.
What might this mean though? " ....new findings...."
However, it is clear what this means: ",,,the roll-out of our 2024 exploration programs." The company needs money to do that. Hmmm!
I see that copper, gold and nickel are all up again overnight....
Add SPQ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $18.01M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $122 | 13.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 3002687 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 392894 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.9¢ |
Change
-0.001 ( 10.0 %) |
||||
| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 0.9¢ | 2713550 | ||
| Last updated 15.16pm 03/05/2024 ? | |||||
| SPQ (ASX) Chart |