Member Info for bonker99

From TDT on II - "Copper stocks in the LME have fallen in the first three days of October by 8,225 tonnes, now standing at 194,175 tonnes. If this rate of depletion continues for the remainder of this year the LME will have little or no copper by the end of 2018."

You would have to assume so?

http://www.kitco.com/news/video/show/Precious-Metals-Summit-2018/2105/2018-09-25/Major-Miners-Are-Hungry-For-Junior-Acquisitions

http://www.kitco.com/news/2018-10-01/UPDATE-1-Aurubis-to-offer-a-96-tonne-copper-premium-for-2019.html

Rick Rule of Sprott Global (MTR’s biggest shareholder and buying on-market recently): “High Quality Deposits, Almost Irrespective of Commodity–Will Be Taken Out This Cycle”

https://www.youtube.com/watch?v=TPgwpxyurl8&feature=youtu.be

Copper flying again @ $2.82 ...

Boing

Copper back @ $2.80.

That link doesn't work mate :)

FWIW, the last time I saw "someone" make a move like that was the start of the drive from 2p to 3.4p in the Summer where they sponged up everything below 2.2p in no time at all via a very aggressive bid.

Looks like a textbook Ascending Triangle back to 3.4s from 2.3s if it's game on now.

I suspect the staring contest is over and someone has blinked lol

Maybe getting very real :)

Sh*t's getting real I'd suggest ...

A win is a win mate - for sure we don't know the size of that win when it comes but in this market I'll take any win going lol

Well whatever's coming it obviously made the MTR Chairman confident enough to plough a load more of his own money into MTR shares at upper 2s recently ...

Or the money side of the equation is about to be taken off our plate one way or another.

We are, of course, speculating in the blind about big cash being involved with MOD's Q4 LSE float but as we've just dropped our FD, it's hard not to do a 2+2 here and think that may indeed be the case and, perhaps, we're looking at a gigantic expansion of the exploration/resource scoping campaign into and throughout 2019 which could mean big ££££££ to MTR as each resource is scoped to an NPV ...

Someone asked recently how MTR monetise their 30% JV portion with MOD and we know all those details have been wrapped up tight in the recent JV restructure so it's all getting very interesting at the start (to the day!) of what we always knew was going to be a very interesting Q4 period :)

We'll have to see what turns up - are Sprott going for control/ownership of MTR??

What are the odds on us getting a Sprott guy on our BOD as FD??

Rick Rule is said to only be interested in our Kalahari Copper Belt (MOD + KML) plays.

Some might suggest we could be a target for a buyer ourselves - that JV deal looked very good on paper for MTR and the City boyz will know for sure what's coming re MOD's impending float in London ...

MOD expected to float on the main LSE exchange in Q4 2018 being the intriuging timing thing of course - who knows what may be tied into that but we've speculated on a large money infusion into the enterprise there and we've just dropped our FD so keep em very peeled I guess :)

Morning.

Well that is interesting timing - there may be nothing to him going of course but the timing certainly captures the imagination - I'd love to know what Sprott know :)

Could happen :)

Copper playing nicely again @ $2.79 - arguably a Bull Flag breakout on at > $2.8 to $3.