Post by
AlwaysLong683 on Apr 30, 2024 4:49pm
Huge Volume
Copper down 2.69%
IVN down 9.51% on huge volume (12.3M shares traded vs. 3-month average volume of 2.5M shares) after their earnings release.
Down more than the market and the price of copper on their last earnings release as well. Under-delivering with a market cap of over 23B. Overpriced given the capex still needed to be spent and only partial ownership of their projects...? Weather, power grid, third-world county with massive poverty, etc. Who sold at $20....?
Comment by
Gutinstincts55 on Apr 30, 2024 5:52pm
Quality copper plays - Magna mining, Hercules, Abitibi
Comment by
AlwaysLong683 on Apr 30, 2024 7:18pm
Taseko (TKO) looks good re. Florence project in Arizona. Fully permitted. Great looking economics. Producing Gibraltar mine providing money for funding.