RE: Copper29 Jun 2023 15:23
DonkeyOatey your whole case then, rests on the theory that AA might say Nah, shucks, plenty of other possible sources of the metal around - we got options.
The fact that AA have an interest in developing, - nay, revitalising, - a long term relationship with Zambia as a huge undiscovered copper reserve with prime territory (arcm) covering parts of the Central South African copper belt is really of NO importance. Really?
Zambia, a reviving, pro Western, country, opening up for business with vast quantities of minerals waiting to be utilised. AA have a history here with infrastructure in place and ready to go.
I’m betting that the only thing delaying a signing off is the Zambian Ministry of Mines and their civil servants doing due diligence over licensing and removing corruption and crookery from the field, (an example of which Arcm has experienced at first hand over the last year). We know how slow these tasks can be.
NVS’s declaration of ‘weeks not months’ still stands in my mind for a while longer. But I wouldn’t be surprised if news arrives at any moment now. I imagine that is why we have increasing negativity from hungry shorters hoping to turn a trick based on an endless campaign of doubting every aspect regardless of merit: A narrative driven by price targets rather than available information.
99% there. 1% to go, which, I suppose, allows in slither of a black swan event to alter the frame, eg: WW3, Collapse of USA into civil war, meteor hitting earth, etc.
Just got to wait and it is always at the darkest hour that the good news arrives.
Good luck with your agenda. I doubt you are long on ARCM. Shorters, watch out! Always make sure you have your stops firmly in place.
Finally, the price of copper is in flux while the world decides on the rate of change in new tech.
From 4000 or so combustion car manufactures in the 1920s the world ended up with 5 major car firms in 1990s. Warren Buffet explains why he wouldn’t invest in new tech for a reason. Most startups fail, and this is happening in China now the subsidies have been removed and the rules have changed. Only one or two EV manufactures may survive, but they will produce a lot of units. Copper price isn’t bad right now, above average if you look over the last five years and short term volatility, as Fuku79 states, is not relevant here.
AIMHO, dyor, etc..
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