phil and leggett
13 Sep 2015
Re: £1 haha told ya Ace consolidation for me personally has always been bad news, always promised myself id run for the door the next consolidation that came my way...Now i find myself impaled on the fence here, my promise in one hand, in the other cusp of copper production for real & the expectation of a rise in SP to breakeven or beyond, its been a long wait...Phil...
Ace08
12 Sep 2015
Re: Hope oil don't go $20 user man
eye_user
12 Sep 2015
Re: £1 haha told ya Dog of a share
Ace08
12 Sep 2015
£1 haha told ya Consolidation not good imoOnly eleven out of 56 companies had a higher share price one month after consolidation [link]
Small Holding
12 Sep 2015
Alberto may be right [link] the copper price supply cut rally last?Frik Els | September 11, 2015In New York trade on Friday copper for delivery in December consolidated recent gains jumping to a nearly 8-week high of $2.4645 per pound or around $5,430 a tonne for a 6.5% rise during the holiday shortened week.The red metal has recovered strongly from six-year lows struck late August, but remains down 13% year to date after a 16% fall in 2014.The latest rally was inspired by the announcement of steep production cuts by Glencore (LON:GLEN), the world's number four producer of the metal.Glencore's move followed news that US-based Freeport-McMoRan (NYSE:FCX) which vies with Codelco as the world number one copper miner in terms of output, is cutting in half output at is El Abra mine in Chile and idling two US mines. Freeport also predicted lower output at its giant Grasberg mine in Indonesia. Market conditions in China is already tightening as evidenced by the recent surge in copper premiums for physical delivery inside the countryFor its part Chile's state-owned Codelco has vowed to "cut costs to the bone" and delayed several expansion projects including going underground at Chuquicamata and pushing back expansion of the Andina complex by two years.A new study by Capital Economics asks whether these cuts will be enough to change fundamentals in the industry and sustain the upward momentum in the copper price.The short answer is yes. That's mainly because the London-based independent research house believes mine supply will only grow by an anaemic 1.7% this year before contracting next year. That's very much at the low end of forecasts."Lower copper mine and refined output can only exacerbate what is already a relatively tight market, at least compared to some other metals. While copper stocks have been rising for much of this year, they remain low in a historical context," says the author of the report Caroline Bain.Inventories at LME Warehouses still only account for just over 2 weeks of annual usage according to Capital Economics' 2015 demand estimates and coincides with a sharp slowdown in refined copper production growth from 6% to 3% during the first five months of the year.Will copper price supply cut rally last?Given the fact that many of the proposed closures are at SX-EW operations, supply growth in the refined market could be dampened further.On the demand side that should close the gap between concentrate and refined imports from China, which consumes more than 45% of the world's copper supply.China's August imports of concentrate surged nearly 20% from a year ago and 18.6% from the previous monthChinese customs data for August showed while imports of refined and semi-finished copper products were flat imports of concentrate surged nearly 20% from a year ago and 18.6% from July. Year to date concentrate imports are up 12% to 8.12 million tonnes, while refined copper imports are down 8%.Market conditions in China is already tightening as evidenced by the recent surge in copper premiums for physical delivery inside the country.Capital Economics is sticking to its end-2015 forecast for copper of $6,250 per tonne ($2.80 a pound) although it admits it "looks a bit of a stretch".But if the estimate does not pan out, suppliers won't be to blame: "The main risk to this forecast is that demand fails to pick up in the final quarter of this year," says Bain.
BlackPrince
11 Sep 2015
Re: Which way to jump I don't care. Go post that crud on their board then.
Frogboy
11 Sep 2015
Re: Which way to jump I took my money off the table on WRES, nice little earner but will drop back now. I got .75!
Comeuppance
11 Sep 2015
No trades today!??? According to iii there were over 3.5 million shares traded today, but also according to them there were no trades. can someone please explain to this naïve punter?
investorprotestor
11 Sep 2015
Re: Yoda Basil, Right direction (temporarily) wrong reason and silly explanation.
davegrace
10 Sep 2015
Schoolboy errors, WHY.. Do they really think that PIs are thick..
davegrace
10 Sep 2015
Of course the losses widen, its being spent on getting this mine back up and running, I would see it as a positive, but for some reason, along with all the other good news, its negative. very strange this share???
davegrace
09 Sep 2015
I suppose that are 4 new directors are not being paid, or is it just more for the big 4, hence are 10% rise in C3
davegrace
09 Sep 2015
C3 Costs are $1.90 lb
davegrace
07 Sep 2015
See You Then ran at Southwell, then went on to win 3 champion hurdles. How could that happen????? FACTS are what fill bankers pockets, untill they need bailing out, FACTS are gold, silver,copper are in this mine. Hope I have not stolen Alberto s thunder.
davegrace
07 Sep 2015
I feel this is not just a cooper mine...The gold and silver in the tailings proves that, (Rumbo) so I would hope with all the expertise now on board, the refinement will be to extract all precious metals, hold on to your seats???
