AVB 0.00% 16.5¢ avanco resources limited

As a barometer to how we are travelling I often look in on OZ...

  1. 6,689 Posts.
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    As a barometer to how we are travelling I often look in on OZ Minerals (OZL). Like most copper companies their price has taken a hit in recent months though there has been a slight recovery in recent weeks.

    Here's an interesting comment from Andrew Cole MD & CEO of OZ Minerals found in their latest Q2 Report.

    Column 1
    0 “The nature of the copper market meant there would inevitably be price swings but there was demand for the upsurge in production. To look at what’s happening in one corner of the commodities market and apply it across the market doesn’t always make a lot of sense. Copper is a multi-country, multi-sector commodity while in uncertain economic times gold prices tend to lift. There is certainly no complacency on our part as to the challenges faced in the current economic conditions but rather a clear understanding of what we need to do to both meet those conditions and grow OZ Minerals.”

    A similar comment could apply to AVB.
 
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