after reading the second document, what anyone should read is the capex guidance for next year, they're basically saying copper production ramps but working capital gets hammered which is why the sp keeps getting smashed on every rally. compare that to other junior explorers sitting on resources and not burning cash like this and you see why sentiment's in the bin. long term thesis only works if copper prices cooperate or they cut spend, neither is happening soon.
Copper story is solid long term but ngl the timing is rough with rand weakness eating into margins and volumes staying thin on the board. I put an order at R0.43 last week, got filled on half, waiting for another dip before I top up the rest. Copper fundamentals haven't changed, just the sentiment.
imo the copper story is solid long term but R0.47 means the market's pricing in a lot of downside already, probably waiting to see if they can actually scale production without blowing capex. fwiw if they hit their guidance over next 18 months this reprices hard, but that's a big if in this environment.
copper at 0.47 is starting to look thin on the way up but the copper story itself aint dead, just waiting for spot prices to move. someone's gotta actually find proper grades in sa for this to run again tbh
CPR taking a knock at 55c but that's more noise than signal given the copper macro tailwinds. The real question is whether management can execute on their projects without diluting shareholders further.
copper sitting at r0.49 is pretty harsh, rand weakness usually helps miners but cpr's grades just aren't there yet compared to peers. exploration spend is decent but needs a proper resource statement to get real traction, otherwise it's just hope money imo
COPPER ABOUT TO EXPLODE MATE, SITTING AT R0.49 IS ABSOLUTE JOKE WHEN YOU LOOK AT WHAT COPPER PRICES DOING GLOBALLY!! Anglogold and Sibanye both got hammered then bounced hard when commodity cycle turned, CPR WILL DO SAME THING!! BEST IS YET TO COME!!
Copper spot price is still holding above 4 bucks a pound, so the macro backdrop for CPR hasn't fallen apart like some are saying. At R0.49 though the market is clearly pricing in execution risk on the project side, which fair enough, but compare that to where Pan American Silver was trading five years ago before they actually ramped production. Long-term view hasn't changed for me.
Do you think CPR can actually get to production before the cash runs out. Exploration is one thing but mining needs real capex, and at R0.49 a cap raise would be brutal for holders.
CPR getting hammered down to 55 cents, that's a proper dent today. Tough to get excited when the copper play can't find buyers, though the sector's been under pressure across the board.
CPR looking thin at R0.51, balance sheet could be stronger but the assets are there. If they sort out the operational stuff and get some institutional interest, this runs to 80c easy. Mining services play so commodity cycle matters, but long term thesis holds if they execute.
CPR at R0.51 is pricing in a lot of pessimism given the rand weakness and rate cycle. Company's still generating cash from operations and the dividend yield at these levels is decent if they maintain it. Long-term view hasn't changed, inflation very high in SA but CPR's got pricing power. I'll keep holding as long as it takes.
CPR sitting at R0.51, book value probably under that. asset play or turnaround, which one is it. management needs to show something concrete soon or this just bleeds out like every other micro cap on the JSE.
CPR's 13.95% pop to R49 is interesting, but I'm comparing this against the broader copper play: where's the brand moat versus larger peers like Implats or even diversified resource plays? Resources can be commodity traps if you're not careful, so I'd want to see if CPR has differ
CPR down 1.69% today to R58 but I reckon these dips are where the money gets made, not where it gets lost. Copper's still needed for everything from cables to solar panels so this beat-down might be temporary.