We recently trimmed our position in copper miner SFR but we are still holding over 4% following the allotment of our entitlement rights yesterday which are now available for trade today. Similar to Goldmans we are bullish copper looking out over the coming years but some short-term weakness wouldn’t surprise us for reasons mentioned previously – we may take our position back above 5% if weakness unfolds into 2023.
- We like SFR on a dip back under $5.
MM is bullish and long SFR
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