ANALYSIS: Too soon and too uncertain, say investors on Orion Minerals
26 October 2017 - 06:16
Volumes but no price action show that investors have been taking a wait-and-see approach to Orion Minerals since its secondary JSE listing in mid-September. Though zinc and copper prices have surged in the past year, Orion is at least three years away from being able to take advantage of them.
The static price probably reflects the lack of local punters willing to take a bet on small mining companies not yet in production (unlike in Orion’s primary listing, Australia), and an SA environment of great uncertainty for mining...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.