Botswana-focused Australian copper miner Discovery Metals plan to scrap its quotation on the Alternative Investment Market. Although its shares will continue to trade in Australia, UK shareholders should use this as an opportunity to take profits on our buy tip.
IC TIP:
Sell
at
105p
That's a shame because Discovery remains on track to bring its flagship Boseto copper project into production by mid-year. Open pit mining started last September and the fully financed mine is expected to produce annually 36,000 tonnes of copper and 1.1m ounces of silver in concentrate.