minkstroker
17 Sep 2015
Todays volatile market ..... Note HL reporting this morning ;Antofagasta fell as the company and Codelco suspended operations at two major cooper mines in Chile.Glencore gained on reports the miner is in talks with Franco-Nevada Corp , Silver Wheaton Corp, Royal Gold Inc and two other companies to sell portions of the future production of three South American copper mines.Miners BHP Billiton and Anglo American were given a boost as London copper jumped to the highest in nearly two months. Worries about supply issues following a large earthquake in Chile offset concerns over demand from China.Just going to sit tight and wait for some better news on the SPMink.
phil and leggett
17 Sep 2015
Re: Emed please take note! The current sp trend is proving your reversing thoughts to be in allignment with the stars,as opposed to your optomistic or mystic SP to the stars, middle of the night postings while danceing around a moonbeam...Trust the ACE....
investorprotestor
17 Sep 2015
Chile quake sparks supply concerns LME copper at 8-week high after Chile quake sparks supply concerns[link]
Ace08
16 Sep 2015
Re: Emed please take note! This is a reverse stock thought you knew that, good news means your investment drops in value, they will be De listing from all markets on production and profit rns, should 0p then
phil and leggett
16 Sep 2015
Re: Emed please take note! How about Emed going private, that would save a shed load...Carefull what you wish for...Ace's plan A isnt working out so Plan B is in play, a googly in the Google's...Phil...
Rhodium45
16 Sep 2015
Re: Emed please take note! Good idea. That would also free us up from the extra regulations apparently preventing the publication of any drilling results.
mayo101
16 Sep 2015
Emed please take note! Xcite announces that it has applied for voluntary delisting of its ordinary shares from the TSX Venture Exchange ("TSX-V"
. Xcite's ordinary shares are currently listed for trading on the TSX-V and the AIM market of the London Stock Exchange ("AIM". The directors of the Company believe that the minimal trading activity of Xcite's ordinary shares on the TSX-V no longer justifies the expense and administrative requirements associated with maintaining this dual listing, and that Xcite's continuing AIM listing provides its shareholders with a sufficiently liquid market.
Small Holding
15 Sep 2015
Copper Inventories Anyone trying to follow the copper price will know that the daily news is very confusing as for every article saying the price will rise their is another saying it will fall.I have been following it for months now as we have a vested interest in it.One thing I am convinced of is that even the experts aren't really sure where the price is going.One reason for this seems to be the copper inventories, stockpiles of copper held for later sale.When there is a copper shortage you would expect inventories to fall and correspondingly in times of surplus you would expect inventories to rise.You can understand why China, the worlds biggest consumer of copper, wants the price to be kept artificially low if at all possible. Some of the copper inventories held in China are not monitored by the exchanges and this in itself can give a false representation of the supply and demand.As this article shows the copper inventories in China, not monitored by the exchanges, fell in August to their lowest level in 21 months.[link] I am trying to say is the situation is open to manipulation and the Chinese understandably will be content with a depressed copper price.AIMHO
davegrace
14 Sep 2015
good post Orbiter
davegrace
14 Sep 2015
Very
eye_user
14 Sep 2015
Re: Re: Hope oil don't go $20 user man ----lol going into winter $60+
Small Holding
14 Sep 2015
Andalucia not afraid of the copper price [link] Andalusian mining no longer afraid of the falling price of copperCarlos Pizá13/09/2015 23
7The oil price remain at low levels of around USD 50 a barrel for months, he is pulling down the rest of the commodities. Andalusia, which for five years has been repositioned as a production of copper concentrate thanks to the launch of the deposits of Cobre Las Cruces (CLC), Mina de Aguas Dyed (Matsa) and Rio Tinto, glances at the fall in the price of the metal.The memory of the price crisis of the nineties, which left devastated the sector with the closure of all existing mines, remains latent. Copper has fallen this year the price level of 2005 (5,000 ton dólates) and from the peak price reached in 2011, has not stopped falling.Is there concern among mining companies located in Andalusia, in the case of Trafigura Matsa and Rio Tinto (where Trafigura is the largest shareholder), and Canada's First Quantum in the CLC? Consultations with the three makes clear that low prices do not scare the mining sector.The implementation of modern technologies to refine copper in the mine itself, as in the case of CLC; the design of the installation process up to 4.4 million tons of ore and adjusting costs to produce one pound of concentrate today cost $ 1.3, in the case of Matsa; or adjustment of investment costs and expected savings on the initial plans of 2007 to make profitable use of a site with a wealth or low grade (percentage of total copper concentrate extracted), with respect to Rio Tinto."Matsa currently has operating permits Mine Waters Dyed, Sotiel and Magdalena. Sotiel deposits and Magdalena guarantee the supply of ore to the new treatment plant prolonging the life of the project Matsa beyond 20 years after its initial horizon. Thanks to the efforts made in recent years, the current situation will not affect projects that are currently already operating but it will force us to study in detail to prioritize future investments, "note from the company controlled by Trafigura and the Arab fund Mubadala.Secured investments"Because of the characteristics of the ore (high grade) and the process of Crosses (low cost) CLC is in the group of projects that do not take risks with falling metal prices. The copper recovery project other mineral resources goes ahead with investments already approved for 2016 and 2017 could depend on the metal price if it continues to fall, but not the scenario we contemplate either this year or in the next "explain sources of Seville mining company.Closure of mines to balance supply and demandEmed Mining (society is reopening Riotinto), meanwhile, agrees with the prospect of recovery in copper prices from 2016. It is based on two trends: in the next two years expects volume growth to moderate of refined copper, thanks to the slowdown in the implementation of new refineries (such as Atlantic Copper in Huelva), especially in China.Second, the price of copper will receive incentives to increase due to the lack of mineral sufficient to meet the demand volume. The decision of the commodities giant Glencore to paralyze two major mines until the level of prices recover is the basis for expecting that behavior of prices in 2017/2018. Only these two sites will cease to inject 400,000 tonnes of copper to the market."According to reports from specialists in the field this price range of around $ 5,000 per tonne can be maintained until the middle of next year when it will start a soft rebound but that will not achieve the rates seen in previous years. The longer-term expectations are even better. This prediction can get better if the big copper producers take action delaying projects and / or closing some high-cost mines unprofitable, "they say precisely from Cobre Las Cruces.
Ace08
13 Sep 2015
Re: It's a tough call Phil they always go down on consolidation maybe this one will be different with production kicking in soon we will see
charlieeee
13 Sep 2015
Re: £1 haha told ya The consolidation statistics are utterly meaningless without further categorizing the usual reason, share multiplication.In EMED''s case, the extreme pain of the dilution has already been borne and reflected in the share price and the fruits of the capital raising should coincide with the consolidation.Commercial production and copper price (obviously interlinked) not consolidation, will determine October's share price.C
Rhodium45
13 Sep 2015
Re: £1 haha told ya Only eleven out of 56 companies had a higher share price one month after consolidation ---------- -------That's no reason why we can't be one of the ones that does!
