@LD99 Copper trades are more Liquid than most asset class currently as Hedge funds and money managers are searching for liquidity plus few profit taking.
Government bonds that were supposed to be safe and provide long term hedge are causing problems to money mangers and Banks (AKA mark to market losses)
The fact is Copper fundamental will not change especially for our Green World!!! nor has the supply/demand dynamics dissipated overnight.
What has change though is Global money mangers are now running around looking for where to pack their cash and liquidate or unwound illiquid trades ASAP. So we will see volatility for the next month or so. Maybe more bad news. We were long Gold and that's paying off
We will state the obvious AR1 we love = We also believe in our opinion its a a take over target or a prime merger candidate for the other 3 ASX Copper producers.
AR1 provide great value and we well stay close and keep owning more.... DYOR.
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