True, big diff in MC - SFR was $1.1bn pre ann v S32 $17bn
I think the market initially liked the fact that there was no capital raise for S32 purchase - funded by cash on hand and debt. S32 seemed to indicate that they are raking in the cash too at the moment and most of the debt facility won't be used.
Also copper price action would have helped as it did for SFR today.
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$10.55 |
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