Member Info for AIMtodeath

Just as well I kept the original page open as I can't link either now.... here is the text The copper bells are ringing to warn us we are in the late cycle when metals prices have their sudden and unexpected upward moves. Unexpected, that is, for central bank macroeconomists, supply-chain-stretched manufacturers and off-the-shelf investment algos. This is not just a China story, or unsustainable speculative demand. Speculative interest in copper futures is quite low, particularly considering that the price of the metal is up more than 60 per cent over the past two years. Mining companies� managers still have a battered-child syndrome after the 2015-2016 pause in Chinese import growth. There is little exuberance, rational or irrational. Despite their large cash hoards and cash flows, none of the major companies is proposing to shoot a rocket loaded with copper into the asteroid belt, or even invest enough to maintain production. So world copper production dropped more than 2.5 per cent last year, as declining ore grades and labour strikes more than offset the output of new mines or expanded production at existing mines. This was mostly because of declines in ore grades and delays in commissioning new capacity. A macroeconomist at a central bank would tell you that, with the price a little above $7,100 a tonne, and the world marginal cost of production around $5,000 a tonne, there should be a wave of new investment in copper capacity. And there would be, if the engineering, economics and politics of the copper industry were anything like those of the American unconventional oil and gas business. They are not. As Paul Gait of Bernstein Research in London says: �There are hundreds of thousands of oil wells in the world, but there are only about 700 copper mines. The 20 largest mines provide half of the total supply. That means that the supply response is not at all a continuous function.� The lead time on building a new mine, or even a plant to extract copper from mine tailings, is much longer than required for most oilfields. Copper has been the object of exploration for a very long time, and the easily accessed, high-grade oil bodies were discovered decades ago. Miners have extracted copper from thinner and thinner ore grades with more capital and technology. That is becoming near impossible to accomplish with the currently mined ore bodies in politically stable areas. As Mr Gait says: �You have to either go to Africa or go underground� to get new copper sources. Going underground means sinking shafts a thousand metres

in Oman. https://www.ft.com/content/d9a48b64-0d81-11e8-839d-41ca06376bf2

Or impatient to Gringo...haha

pretty crappy price, better to have sold in tranches.

And you just couldn't help yourself!....

I've explained it a few times..... The MMs (and or many private investors/other brokers/banks) are buying MORE (on market side) than can be sold (on retail side) .... If they are fighting to buy shares they offer higher prices, compete for the front of the bid, price goes up. The fall scared holders at this level, price goes up, they break even again and offload like crazy to market whom happy to have them it seems.

ohhhhhhhh someone loves someone after all....haha

and yet more at 13.26........ it would seem, though surprised they offered them inside the spread

Buying yourself a truck load! I am my loved one....haha

Just dropped the BID now, sell order to drop later then maybe. Searching for liquidity? Get this party started.......

Getting desperate for shares on the BID now!

The ASK dropped from 6.5p to 6.3p with no reason..... People happily paying 6.4p to buy all day.

3card, They have survived with power cuts for long before VOG came along, its a way of life there. So its not a new thing given the power reduction of late, but its maybe worse than it was before, so people may grow impatient (equally if you get used to more regular supply you notice it more when it goes again). There are skirmishes with the English speakers, that might escalate to everyone sick of no regular power in election year, preps for the cup of nations (power can't go out during that, too embarassing) Its a great big spot and it has come to a head, when its squeezed life might return to normal and Cameroon starts to pay for its power in a better fiscal way, tarrifs rise to cover actual costs etc. This is a NATION problem and VOG is a bystander in the revolution of Cameroon's finance arrangements.

You rmemory is failing you.

Solar only good during the day, unless they can afford large storage solutions! Lithium battery storage does not come cheap...... and probably be stolen to harvest the lithium....haha What they could look into is solar pumps to pump water uphill to release after dark. Gas to Power will always be needed to fill in when water is low, sun ain't shining and peak demand (wait until cameroonians get coronation st, all those kettles going on at the break....ha.)

Come on practice with me.... Last tickets selling, get your golden tickets, train leaving, lift off......haha.

South Africa on 3rd year of drought......hydro nay good when you don't get the rains you expect.

Because there is now a 'market' buyer soaking up the sells. Buyers fighting for position at front of BID, tightening spread. Picking up the shares bought on the lows last year that are selling out in fear.

Do an iota of research would suggest that $20m overhead on bank loan, whist you are roughly breaking even would require no cash call, unless you were continuing to spend on development. If there is no power market there is no need to develop anymore resources.

From Alara release - Under the agreement, annual concentrate production of approximately 35,000 wmt (wet metric tonnes) will be shipped at regular intervals from the Sohar port. There also exists the possibility of supplying the material to the Omani smelter in case it restarts. However, the project financial model allows for sea freight and other charges associated with the sale of concentrate from the port at Sohar,� it stated. With all this investment recently signed, I think the smelter will be turned on to the benefit of all, its in Oman's interest so it will be in the mining companies' interests. To note in that release they had already secured $6million draw down from offtaker for when they get mining licence.