Post by
micromike on May 07, 2021 8:38am
Coppers on Fire
All time new highs.
I don’t understand Mari’s trading at all. It’s doesn’t make sense to me. Could there be a new financing coming up and the owners want to make sure they get another early Xmas present. I’m scratching my head on this one.
MM
Comment by
fundinvestor on May 07, 2021 9:10am
I just think the price is rebasing again. Everyone is in profit at these levels, and there will always be people keen to lockin a profile. I get that. Also I dont think the spot copper price will effect developer asset straight away. The effect comes more from when banks and analysis start moving up their longterm copper price predictions in their models. We are starting to see this happen.
Comment by
Doctorcopper on May 07, 2021 9:16am
Looks like profit taking to me as well. Marimaca has done well but there are lots of opportunities out there as well. I could see taking some money out at this point and trying to make a play elsewhere. This has always been a slow burn in my mind.