- Stock watchers anticipate strong Q2 and FY 2024 results due to rising copper prices; they predict a significant increase in margins, potentially up to 167% if copper prices continue to increase.
- There is a general expectation of higher margins due to current high copper prices, contrasting with the actual market performance where stocks are down.
- The upcoming change to the main market is anticipated next week, which is expected to attract more institutional investors and possibly increase stock prices.
- There is speculation about the potential benefits from extra production coming from Touro in 2025.
- Anglo American has rejected an offer from BHP, citing the long-term value appreciation expected from their copper production, suggesting a generally positive outlook for copper mining firms.
- Copper prices have notably breached 10,000 USD per tonne, adding to the optimism for companies involved in copper production.
- The anticipated main market listing is expected to enhance exposure and potentially attract significant investment, with predictions of stock prices reaching significantly higher levels by the end of 2024.