1. Its about investment horizons - if you own the shares, you own the gains, no risk except for volatility if you believe the copper is there. What copper is there that is not minable at A$15,000/t - the Goldman 2025 copper price f/cast @1.30 FX:USD.
2. Good luck trading this and not missing out of a 50c day when the Directors move on an "announcable"- the liquidity is just not there to get back in in a meaningful way.
3. data shows that mostly retailer stop losses broke the A$1.20 ps long recent resistance temporality because of US Fed spooking / soft copper price is suspect. Big boys will buy everything on offer below $150m MC is my bet.
4, Consumer Descetionary copper stocks are not.
NIA-DYOR
Charts & Broker Data, page-1400
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40.0¢ |
Change
0.020(5.26%) |
Mkt cap ! $68.77M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 40.0¢ | 38.0¢ | $84.27K | 216.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 51147 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 68311 | 1 |
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