An interesting report on copper on Livewire from a few days ago by Marcus Tuck from Mason Stevens. Quotes
Goldman Sachs bullishness on copper prices this year. Showing correlation between BHP and Rio share prices with the copper price. And recommending that portfolios look at topping up on resource stocks. Copper price up for past 2 days so that might be a help.
Personally, I think that once we get a quarterly (hopefully this quarterly) with a clear picture of cash flow, of revenue received, debt repayments made, and future anticipated income and debt repayment schedule, along with a little more information on future profits, cash reserves, and any positive drilling results and mine life extensions (or otherwise with cash returns to SH) then there will be a lot more interest in the company and in the shares, and the SP will bounce back up.
Personally I hope we will have a properly informative 4C so that things become more obvious to potential investors sooner rather than later.
https://www.livewiremarkets.com/wires/copper-leading-resources-higher
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