Copper Price news, page-992

Love your work as always B.

Guess they could spin things out a little longer if needed, but you would have to ask the question - if finance cannot be secured after 12 months or more of trying (finance discussions started at the start of the year but got serious when Restart Study released in March as we all know), is that the death knell for the project? Or, at least, a very long delay.

In a "normal" environment, you'd probably conclude that. Whatever normal might be in these times lol !

But we are in a world where no-one, even those highly paid bean counters, knows what interest rates are going to be next year, just guessing. US might see three more rate rises this year (some say 75 basis points a time). Then, when the economy is hammered and they go into a recession, rates get lifted.

As Boslo said, the macro is appalling for us atm. Little wonder beancounters are slowing the process.

Ho hum.

And who will fund Rex's plans in SA ? Cap value probably now north of $600m. They also say "finance continuing". We are not alone.

On another front, Copper price holding up well at the $3.50 support level in the face of all this with many analysts suggesting recovery over $4 by early '23 once we get past the current volatility, especially given the problems in SAmerica and China. Unless it all goes pear shaped !

Cheers