I didn't think the loss was surprising given the low CU prices during the reporting period, increased C1 cost due to Mt Gordon ramp-up, and as noted in the preliminary report - exploration costs. I had thought eps would be around 1-4 c; clearly I was overestimating.
The upside w ABY is the expectation of new mines coming online and improvement in CU costs. Since the balance sheet is strong - a year or two of losses around 10-40 mil shouldn't be a problem.
shares: asenna weekly report – aug 27, page-6
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Last
88.5¢ |
Change
-0.055(5.85%) |
Mkt cap ! $83.15M | |||
| Open | High | Low | Value | Volume |
| 93.0¢ | 94.0¢ | 87.5¢ | $345.2K | 383.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 2769 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ABY (ASX) Chart |