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It's difficult to tell with the larger trades because they are rarely posted at the actual transaction time. It looks as if the MMs were happy to take off the weak sellers and have now marked up to deter buying. Happy to buy again in the 3.6's today, obviously for the mid to long term.
850k was a sell what about 650k? sell or buy?
as monitored by the LME continues to decline; now at 322,900 tons down almost 50000 tons from the recent peak. Of course 90% of Copper is consumed without ever entering a warehouse but clearly there is no drop in demand and no glut in supply. The price will twist and turn but ultimately it will only trend up over the next 2 years.
Just because they are not promoting to small private investors does not mean they are not promoting effectively. The shareholder base needs to change from the risk averse micro holder to a more knowledgeable shareholder base that knows what to expect from a producer. There has been one 30 minute presentation to private holders and three days doing the rounds in the city. On Tuesday there is another promotional opportunity but what else is Alberto doing in London; I think that shows where the focus of 4C is directed. I have seen some larger transactions and lots of very small sells; it is hard to determine if the larger transactions are buys or sells but as the share price remains static I think we can assume they have soaked up some of the smaller sells. If I was a volume buyer right now I would be taking a very long time over it to get the lowest average price; I have spent the last 8 months doing that. Very soon Atalaya will be a proven producer making a very healthy profit. Even a very modest PE has that at several multiples of the current share price. IF copper goes up or a substantial reserve update is released that figure can easily multiply very quickly . At Beaufort Alberto said when asked about dividends "why not what else are we going to do with all the money" or something similar.
Great news, will this stop the price dropping?? Maybe your notes should be told to the potential buyers and current holders via this all singing, all dancing PR agency. I am not at all convinced that they are promoting this company well enough. IMHO F.E.
on the website show phase one and phase two new primary mill foundations approaching completion and the cradles and bolts on site ready for installation. The mills are coming from Finland. As of a few weeks ago the first was en-route for the phase one expansion and the second for phase two was still under construction in Finland. These are the major components of the expansion and really remove all the bottlenecks up to 12 mtpa throughput and more.
is driven by tiny trades at the moment. there are buyers when they dip the share price and sellers when they pay 3.75 and above. The current limbo is classic of long term events playing out that produce limited news holding the share price in a very tight range. I believe the market is waiting on successful ramp up news and resource/reserve redefinition. The plant is in production and the product is now stockpiling on-site and shipping will commence in "due course" according to the company. Product has been trucked from site for what was likely to be trial smelting. I suspect they are in the last phase of the commissioning and ramp up to 5 mtpa. The company still say that January is a very realistic target for normalisation of production. That is often 3 months after the target is reached and the inevitable bugs are ironed out at full tag capacity. At that point the phase one production should be profitable. Phase one expansion construction is clearly well ahead of schedule and phase two groundwork commenced weeks ago. There is much to look forward to but the rewards are still some distance off for shareholders in a market with no liquidity and little available cash. The opportunity is in engaging new money; hence there efforts within the city to attract institutional and HNW investors. I am still a buyer below 3.75p but Emed needs buyers above that level to really go anywhere..
Sad that we did not follow the rest. F.E.
http://uk.mobile.reuters.com/article/idUKKCN0RM07S20150922?irpc=932
Keep your knickers on pal, I was merely saying who else will be there..
Nomura sees further downside risks to copper In other research, the broker lowered its targets on a swathe of miners, including for Glencore and Kaz Minerals. Its target on the former was cut 120p from 230p and that for the latter to 100p from 200p. Nomura made the above changes on the back of the further downside risks it had identified for the price of copper. FD
Chris Cleverly from AFPO ? Hi, who is this and should we care ? Thx
Mining Capital breakfast conference on the 29th September at the Brewery, 52 Chiswell Street, London EC1Y 4SD. Alberto will be there as well as Chris Cleverly from AFPO.
TL, You are quite correct in that you can not believe all you see. The 750K was without doubt a buy at 4.p F.E.
Interest rates left on hold until 2016 Markets should climb higher tomorrow, hopefully?
Can you give more details?
Hope we can climb higher tomorrow based on the Good news :)
I never had one go at you until u posted on Advfn about people on Lse who could not work out the Cosolodtion which ment you were referring to me & couple of other people on LSE. Yes farmer helped out but he did not **** off ppl because of it Hehe! :) you would get on a lot better with people on the boards if you put more thought into before u write a Thts all I'm going to say on the subject. Have a nice wk ahead
Hmmm? Sticks & bones there u go again having a Go tut tut You should be helping newbies out, If I'm a loser so are u cus the sp won't rise based on what u say
Oh I don't personally Hate you. Cus I could work out the consolidation you would rather have a go at people instead of helping them out.
You who did not know how a consolidation worked!!. My average is now 3.99p; my last buy was at 3.53p and I took more yesterday at 3.75p. I am more than happy with that. I do not care if you hate me; who are you anyway and who am I for that matter. If someone hates an anonymous person on a public board what difference does it make. I do not care about you and how big your loses are I only care about me. Off you go now loser.
Update :) Hehe! Not only LP/Lucky lick/ punter / Derick can move his avg down so can WE :) managed to get this from 4.488 to 4.138 eat that Mr BS of the year from all discussion boards. Most hated person around.
Just because the colour is buy it does not mean it is a Buy and red does not mean a sell. There were sells yesterday they were just above the mid price and right now there are buys reported as sells. The colours are merely indicators. Currently it is 3.85p to buy and 3.78p to sell. All buys at 3.85p will be red as that is below the mid. The whole point of dropping the price is to attract buyers and now they are trying to shake some sellers out. If they do not come they will mark up again as this stock is so liquid even £30k can tip the balance. I would like to think the more substantial buyers are the product of the promo events in the City Mon,Tues and Weds last week where Alberto had meetings with HNW individuals and institutions. Of course it is near impossible to build a decent holding without running the share price up.
Buy, someones confident!!!!!!!!!!!!! F.E.