OM:VISCMetals and Mining
Gruvaktiebolaget Viscaria (OM:VISC) Stock Rallies On Copper Hope And Cash Burn
Gruvaktiebolaget Viscaria has been trading like a high conviction copper story, with the stock up 36% over the past month and closing today at SEK21.40. The latest earnings release highlights why this remains a high risk construction phase bet. Revenue in Q2 came in at SEK128.6m, but the company reported a net loss of SEK41.4m and a basic loss per share of SEK0.17 as spending on the Viscaria project continued.
The headline is simple: the copper growth thesis is intact on paper, yet the...