Member Info for bonker99

Aye, copper back at $2.80 right now ...

Evening.

Some chunky trades around still - US indices and Copper bouncing around like they're on crack because it's thought Trump and Xi are going to be in a room together sometime soon - ya gorra lol, tomorrow's another day.

One tweet from Trump re him meeting the Chinese at the G20 and Copper spikes back to $2.78 lol

No market manipulation going on though obvs.

Making hay ala 2p presumably.

One day Rodders ;)

https://sustainablecopper.org/three-considerations-for-the-next-wave-of-smart-buildings/

https://www.bloomberg.com/news/articles/2018-10-09/top-copper-miner-almost-sold-out-on-extremely-strong-china

Nuff said.

Each to their own mate - it just leaves more for us to buy :)

$2.78

The salient point I would suggest is that Rick Rule first bought into here at 3p in April 2017 so he's had the better part of 18 months to decide if he's done the right thing or not and in addition to taking a bundle more MTR shares in the recent 2.8p placing he's also buying more on-market at c2.4p.

In short, he's walking his talk re if you liked it at 2.8p then why wouldn't you buy more at 2.4p?

Presumably that answers that then :)

You need two hands to count the number of RR's key points that apply to MOD/MTR in that interview ...

LOL - Andrew always takes my calls mate ;)

BlackRock’s Hambro Sees Uncertainty Around Copper Investment

Evy Hambro, chief investment officer of natural resources at BlackRock, discusses the outlook for copper prices and investment in an interview on “Bloomberg Surveillance.” (Source: Bloomberg)

https://www.bloomberg.com/news/videos/2018-10-04/-bloomberg-surveillance-full-show-10-04-208-video

A Huge Copper Bull Market Looms on the Horizon

https://banyanhill.com/huge-copper-bull-market/

Afternoon all - from TDT on II:

LME copper stocks down 17,875 tonnes for the week, almost 9% of the total stock in the exchange and Goldman Sachs doesn’t think there’s a supply side squeeze on the way! Only 186,800 tonnes left in the LME which is way below 1% of annual global consumption.

And there’s this:-

“Declining ore grades for copper, continued lack of investment in new mines and the time required to bring new discoveries to production will constrain metal availability and, ultimately, the metal sector’s ability to meet growing demand from automakers for battery electric vehicle production” says Carol Cowan, a Moody’s Senior Vice President.

Moody’s forecasts copper consumption in BEVs could increase more than six times based on the rating agency’s base scenario of penetration levels reach 8% by mid-2020. This demand level would far outstrip supply, which will be relatively flat over the next several years.

It's not my blog mate but I'm sure everyone is keen to see what unfolds over there :)

Chillin :)

Copper @ $2.84

https://www.bhp.com/media-and-insights/prospects/2018/10/chinas-belt-and-road-initiative-episode-three-copper-bottomed

Morning - catching up :)

Nice to see another thick 1% Copper intersection plus 2%+ grades from more deeper NPF contacts.