RE: Why the negativity?11 Dec 2024 09:43
Anyone thinking that Bezant will be mining next year will also be expecting a visit from Santa.
Bird wants to offload H & G, not mine it.
Not surprisingly, there are no takers.
- The majors may be buying each other, but they aren't interested in the juniors.
- The price of copper is way down from its peak in May.
- China is the biggest consumer of copper. It's economy is down the pan.
- The great EV revolution isn't happening at anything like the required pace.
- The incoming US President doesn't give a shiny one about net zero, even if his bessie mate owns an electric car company.
- He's also got China in his crosshairs, potentially worsening the position there.
The anticipated massive demand for copper hasn't materialised. That may change but it won't happen in the short term.
I take no pleasure in writing this. I've wasted my money like the rest of you. But it's time to face facts and give up on this crock, just like the individual who's dumping 50 million shares every week.