Treass, that's right. My first reaction when I saw the price was that copper was way down, but it's selling on LME for $300/t UP since the start of the month at $7,300 setting a 6 month record. Bizarre.
For those on here that posted concerns regarding cashflow and waiting for the half yearly statements, may I direct you to the release about a month and a half back indicating an increase in production guidance of 85% for the year thanks to the ever increasing throughput from the HMS working somewhere near double nameplate at 39kT concentrate. More importantly, the release a week ago about the increased resource at Kipoi Central of 12% will have a leveraged impact on the NPV of the SXEW plant.
TGS seems to trade in a parallel universe to reality. I get giddy with excitement at the idea of it hitting 16c again.
TGS Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held