The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I'm afraid to say, I will have to add if we drop today. These are rare opportunities indeed, you cannot beat contrarian trades :-)
Lets not forget we produce copper @ $1300 per ton. Copper currently at ~$8000. Food for thought
Looking forward longer term, we have a very bright future. Problem is most traders struggle to see beyond the next month or so. When i say ~£2.30 that is against todays prices. I too expect the SP to be a lot highter.
Short term headwind is the US dollar and China performance. Dollar should start to unwind a little once the US debt ceiling is resolved. China growth will only slow so much before authorities look to stimulus
Who really knows what the macro picture is or what it will end up being. Most companies are in the same boat. Personally think the price is being manipulated. Perhaps we are just about to acquire an asset
Not forgetting any deal will be accretive....
Lives in his own bubble and needs a stiff dose of reality
THG is more likely to go bust without a significant deal. TO means Jack S, clear margin/profit is required and not paper thin %
Shorts will smell blood and may look to start short selling if nothing happens soon
Zinc equivalent cash cost of production of $0.78 per pound
Copper cash cost very low by global standards at $0.65 per pound
Just do the maths, I would not be panicked even if copper was $2 per pound. Reckon there is zero chance of that