Investors seem to be struggling to value the prospects of Copper360 (CPR). Moneyweb Copper
Investors seem to be struggling to value the prospects of Copper 360 . Since listing on the Johannesburg Stock Exchange on Friday , the share has gyrated wildly, chalking up a daily gain of 100% and losses of up to 25%. Read: Which valuation matters? Just hours apart on its second day of trading the share price reached a high of R20 to value the copper producer at close to R13 billion – and hit a low of R6 per share, which valued the company at less than R3.8 billion.
holds rights over “virtually 70% of the entire Northern Cape Copper Belt”. According to the company, it currently produces 1 200 tons of copper cathode a year and aims to increase production to 7 700 tonnes per year following the acquisition of produced no copper during this period, and posted a loss of nearly R1.7 million. A piece of commentary for the
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