FACT: Copper price 15-month highs. Most copper stocks all up since mid-March. Yet DVP SP close to 12-month low. Why MINres can only fetch $2 if everything's hunky dory?
1) Opportunity cost of holding the stock. Still 10 to 15 months to production, and that's assuming metal prices hold up.
2) Exposure to lithium, which is toxic for those who rather stay away from the volatility
3) Possible dilution coming due to need for funding
Opinions only. Most likely all wrong.
FACT: Copper price 15-month highs. Most copper stocks all up...
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Last
$2.35 |
Change
-0.010(0.42%) |
Mkt cap ! $570.2M | |||
| Open | High | Low | Value | Volume |
| $2.37 | $2.37 | $2.30 | $2.617M | 1.117M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1020 | $2.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 2035 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$2.34 |
Change
-0.010 ( 0.51 %) |
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| Open | High | Low | Volume | ||
| $2.34 | $2.35 | $2.30 | 63724 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| DVP (ASX) Chart |