focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I've done a little top up today as I think on balance, the news is somewhat positive
UK Gov about to announce that all new build homes and other building will have to incorporate EV charging points. Increased marginal demand for Cu etc. Every little helps!
The auto generated buy or sell label is just a best guess based on pricing at the time. Over and over again it is incorrect so I pay no attention to it.
Xenor - Unless Riverfort "shorted" the stock. That would have been a cleaver thing to do.
I see that they have started selling the Velvetiser pack at Costco - a good move IMO
What will it be next, fuel shortage, lack of HGV drivers, energy costs, BREXIT????? Surely we are due some positive news?
This one month delay is becoming quite normal on AIM but the announcement of the delay is usually accompanied by reassurance that there is nothing wrong with trading etc. I hope that there is nothing wrong with trading!
Could one price be BID and the other MID?
Made my final purchase this morning so I'm loaded up and read, and hoping of course!!
I asked the question on the Investors Day about the possibility of RMM being forced to buy Cu in the spot market to meet their obligations and therefore sell at a loss. Toby reassured us that they would not be forced into this position, so on that score, I'm relaxed!
Yes Moon, I can see a sell of 2 shares!!!
"Citi estimates China’s state reserves currently stand at 2 million tonnes for copper,"
Not a lot in stock for a country that uses half of the world's production
Today's RNS contained some positive news. Short term impact on SP was NIL as potential buyers await moves by potential sellers on or after 17 July. BOD communicating well these days, thanks
Cu 4.39. Au 1807, Ag 26.66 and RMM 30.00 bid - another lovely day!
CU @ 4.34, Au @ 1791, Ag @ 26.31, RMM @ 30.5 bid, sun shining - what a nice afternoon!!
NOT A DERAMP, just a bit of fun.
If the share price goes on at this rate, we'll be able to buy by the million again before long!!
I'm a happy holder
@FireAnt I've looked a few times today and it started around 4.12 and is now about 4.18 so I haven't seen the big spikes. Being priced in US$ is good with the rising US$ reducing the impact of a falling Cu price
They must have seen my post, now just 0.5p spread - thank you MM's
A 3p spread this morning on HL, what are the MM's thinking?
I believe that China has approx. 2 million tonnes of Cu in reserve. They will not release it all and so any impact on supply will be marginal. Spooking the market and increasing reserves sounds like the plan to me as the expectation must be that the price of Cu goes much higher in the future. But now while stocks last!