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Hi gents, I’ve taken a small position here. Long term (2 year ish) hold for me.
Well it is better to be 3 years too early than one second too late. It will happen in the blink of an eye, better to be positioned before is my view, painful as it is currently.
time.....
a matter of time
thats the thing....
in 6 months time, we will be 3 years post consolidation with an SP down 8p...
time the BoD earned their salary
Well worth a read, we are invested in the right area. Just a matter of time before we have our day in the sun.
https://aheadoftheherd.com/copper-shortage-getting-real-richard-mills/
$CBE Cobre 01/02/2023
Assay Results Confirm Regional Multi-Target #Copper District & Commencement Of 2023 Diamond Drilling Programme
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02626830
#Kalahari #Copperbelt @MiningBotswana
#Ngami #KITW #ASX
$MTR.L #MTR $SFR @metaltigerplc
Quarterly Activities/Appendix 5B Cash Flow Report
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02625771
.....:......................
Martin C Holland
@MartinCHolland1
·
1h
What a great quarter for $CBE all set up now for a systematic year of ongoing exploration.
............................
MTR.ax------ANN
Final Director's Interest Notice
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02625613
............................
AMM------ANN
Quarterly Activities/Appendix 5B Cash Flow Report
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02625623
...:........................
The zinc price is high now and matsa produces significant quantities
so that bodes well for sandfire
Only a few months to motheo copper and silver both looking good
That spread is criminal .. MMs up to there old games!
BHP Group struck a deal to look for copper in Serbia as the world’s biggest mining company expands efforts to find new deposits of the metal essential for the green revolution.
https://www.mining.com/web/bhp-strikes-deal-to-look-for-copper-in-serbia/
Sandfire December 2022 Quarterly Report
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02623405
:........:...........
Sandfire December 2022 Quarterly Report Presentation
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02623407
.....................
Near-mine Exploration Success at MATSA
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02623404
FT Europe to avoid recession .
https://www.ft.com/content/47082456-0538-4490-855a-bc4589b6b30d
Economists predict an economic recession in 2023, or at least tough times for businesses, economies and consumers ....the industry now faces tough macroeconomic and geopolitical headwinds that are raising questions.
could get choppy
I think this could be 25-35p but I feel retrace coming with a economic recession in 2023... hope I am wrong!
And glencore have stopped production in a big mine due to unrest
it is a good time to be opening a mine
See, something big happened to one of our favorite metals. The world just lost almost 300,000 annual tons of copper. That’s enough copper to provide electricity to over 12 million U.S. homes.
It happened when Panama closed the Cobre Panama mine, seeking more taxes from the owner.
And it’s not just Cobre Panama. Chile, which produces more than 25% of the world’s copper supply, is also struggling to supply the market.
I first put the copper shortage on your radar yesterday. And what’s going on in Panama and Chile will help define where copper prices go next. Here’s the background…
Panama’s government has ordered to halt operations at the Cobre Panama copper mine.
First Quantum Minerals owns the mine. It’s a $20 billion company from Canada. And it’s one of the top five copper producers worldwide.
What’s so special about Cobre Panama? Two things.
First, Cobre Panama is one of the largest new copper mines brought into production in the past decade. Mind you, that’s not just for First Quantum, but worldwide.
In 2021, Cobre Panama accounted for more than half of First Quantum’s earnings before interest, tax depreciation, and amortization (EBITDA).
Second, the mine supplies 1.5% of the world’s copper.
More .......
https://t.co/8G1GRvpEIq
More stimulus and infrastructure spending could be unveiled at the Chinese National People’s Congress in March, ING analyst Ewa Manthey said in a note.
China’s expected recovery is seen solely driven by the services and consumer sectors, which are less metals-intensive than industry, while the Federal Reserve is likely to stay hawkish, Citi analysts said in a note.
However, they still see LME copper hitting $10,000 a tonne in three months.
https://www.mining.com/web/copper-price-on-the-way-up-but-with-many-ifs/
Taylot, I'd be quite happy with "factual" as long as the facts are put out there for the market to appreciate.
It seems the topic of promotion will be a constant for MTR shareholders. I have asked MM before about this and rightly or wrongly it’s just not his style to be anything more than factual and some what reserved when it comes to promotion. For me I’m happy with that, I don’t want massive spikes following a ramp by my CEO.
They are building the NAV and the NSR is facilitating a solid revenue stream which will ultimately result in dividends down the line (or a buy out) I’m ok with what’s happening (aside from the share price which I still feel is light) debt is being paid down, BoD fees are being reduced with the weak link also going in March, while our CEO continues to buy - is he going for 1%?
SFR Q4 is due next week, hopefully we will get a good update on A4 aswell exploration news at A1 (where sat images appear to show they have found somethings) aswell as other targets across the belt.
We haven’t even had a real buying volume just yet and look where we are. Sentiment changes quickly.. ATB.
Good morning Taylot. I'm sure you're right about the immediate profit taking but for the medium/longer term the onus will be on the company to keep the market informed about future prospects and as Fiercey and I-and others no doubt-have been banging on about for ages, they have been absolutely carp at that in the past. MTR has a good story to tell but they need to get a whole lot better at telling it.
4.3007 +0.0777 +1.84%
https://www.investing.com/commodities/copper-streaming-chart
We’ve had our chance to average down tho - I appreciate that’s funds allowing etc. My SIPP is well underwater but actually in profit now on my ISA holding. The recurring revenues here are going to be extrapolated by accountants and analysts and soon enough we will see bigger players and institutions getting on board. Remember this is just the current known revenues from just A4 never mind the rest of the belt. This is a vast, vast area and we are talking multiple mines over decades all paying the healthy 2% NSR.
My SIPP maybe underwater but I have no intention of selling them for a long time and will be adding shortly once my transfer goes through.
Sentiment is changing, be in the right side of the tide. ATB.
"and at much higher prices"- too bl**dy true!
There won’t be very much. Buying volume has been small so there won’t be many sitting on profits. Lots of shares are held v tightly and at much higher prices.