$OCO something interesting is happening on the long term chart. If we look at 10 years of price history (monthly chart), we see the ticker always reacts when its making contact with the SMAs.
Right now the 50 comes down like a hammer. This type of squeeze always results in some volatile price action. The direction will be decided soon, but we already broke the bearish market structure with printing a higher high.
OCO has a big copper project in Mexico thatโs already worth over $1.4 billion on paper, but the whole company only trades for about $140 million right now. Theyโre hitting solid copper in new drilling and the world needs a lot more copper for electric cars and power.
$ADUR Exciting investment opportunities often become bullish echo chambers, which can blind you to potential thesis invalidations and that can be incredibly dangerous.
That being said, I'm not any of that so far in my $ADUR thesis. Just being aware and monitoring.
There is a chance that $ADUR is going to sell its output for less than $1500 USD per ton and you should take that case serious in your analysis.
But I also think their gross margins would still be about 60%-75% even in this case, as I think the $500/ton in operating costs that I often assume are likely too high, and are likely closer to $350 in reality.
Only time will tell, but be prepared for more pessimistic outcomes in ALL your investments, and don't just put your bull blinders on