RE: Copper demand3 Aug 2025 10:55
Afternoon C.
Without news over the coming week I think we would do very well to break any higher than 13p. Not due to previous resistance, but there is going to be another correction (the last being Thursday) after the huge jump in SP over the last 7 trading days.
We may receive an update regarding Explore Co, as previous RNS stated update in βweek(s)β so could be soon. IMO this news will give us a big leg up.
Also, we have the next round of drill results which I recon will land W/C 18th (RNS stating mid to late August).
There is no guarantee at all that these results will match or better the approximate 0.70% CuEq from the first three holes.
My best guess the SP will be circa 12.5p by the end of the week (which is not too shabby).
ATB.