Long term the super cycle is still intact, where going thru a seasonal low plus olympics ect, which has caused a demand drop.
The $A/US$ Exc Rate has the $A copper prices in the high $3 a pound. So most Aussie based Mining companies should make good profits still.
So my question is whats been happening over last few months, Then what happened yesterday, sellers where willing to take anyprice and so large buy orders were easly filled with one trade? Anythoughts? Perhaps its not one thing but combination of them? Management should come out with a statement. if its a large inst selling Management should be seeking them another large buyer so they stop crashing the share price. Maybe shorters? Untill we know how can you buy?Thats my point Short term sell Long term buy
Good luck
CUO Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held