height of non-sense

1. ABY crashed from around $1.25 to $0.76. A drop of around 39%.

2. Copper price was US$3.56 / LB or AUD $3.87 when ABY was at around $1.25. (note that the exchange rate was around 0.92)

Copper price now is US $3.02 / LB or AUD 3.64 (now note the exchange rate is 0.83)

In other words copper price dropped by just around 6% in AUD terms. But ABY dropped by 39%, IS IT NOT A HEIGHT OF NON-SENSE??

ABY made an EPS of around 20 cents and at the current copper price it will make an EPS of 18.80 (6% lesser due to copper price). Then why such a crazy moment in share price??

I am just calculating EPS without even considering Mt Gordon operation. If we consider that the EPS will be even higher.

ABY AT 0.76 IS JUST A GRABBBBBBBBBBB... THIS PRICE CAN NOT BE CALLED AS CHEAP ANY MORE THIS SHOULD BE CALLED "A THROW AWAY PRICE"

Cheers

Hari