Member Info for bonker99

There's that bid buying again - just £7k bought by PIs so an MM pushed up to 2.75p bid to collect £20k's worth in two trades at 2.75p - that's at least the fourth time we've seen them have to do that in the past month and at a higher price each time - equally remarkable! Tick, tock?

P'raps me three Copper baggers on the bounce in just the last 8 days has hit home for some, it is remarkable :)

https://hotcopper.com.au/asx/mod/

"Feasibility study is underway to switch to underground production at Chuquicamata by the end of 2018. The ore reserve under the existing pit is estimated to be 1.7 billion tonnes grading at 0.7% copper." That rings a bell :)

I imagine that will depend on the level of overall mineralisation and the average depth of that and we won't have any idea on that from one hole :) It will, eventually, become an important point though re open pit and/or underground as discussed on the weekend. For now, we just need to see widespread Copper contact on a District Scale - if we get decent hits/grades on even one of the seven buried domes then we're laughing.

Anything SAV can do, we can do too ;)

They know the score dude ;)

Job done - back to Bots ;) GLA

Fully earned ;) Mind you, who could resist, what was it? 3 inches @ 0.25% Cu? :)

I'm crying at that spread pmsl MMs carping themselves in case of a MOD trading halt at prime target A1 lol

Well that's the oldest ID I've ever seen I think ;) Money not an ish here, certainly not in 2018 but I wouldn't rule out a corporate action or two :)

No gamble at all that 140p top ;) See if some of that doesn't end up in here if it didn't just do so already ;)

Agree. You won't be rushing in to buy VRS at 140p then pmsl I can hardly watch :)

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The only way you're not piling into resource plays right now is if you don't believe in the wider macro plan of devaluing the Dollar (Pound too) to boost inflation (via higher commods prices) and promote exports. That's been my read for two years+, it seemed just a matter of time until they did it cos it's the only way out for the West. So far, so good.

Major producers > medium producers > junior plays is the direction the money moves - always. We're at least halfway through that money shift imo. Your take sounds about right imo - I've done real well since shouting the oil spike at $44 last July and piling into distressed/big oilies (some time later - hint!) and you can guess where those profits ended up ;)

I couldn't be bovved to go analyse my own PF sector breakdown :) Very obviously VERY overweight Copper though ;) Just be aware that share price dips then recoveries often only partially overlap the recovery in the underlying asset valuation is the point I was trying to make - it's going on now with the silver plays imo, they're being dropped and I'm pretty sure I know why ;) Nobody has any idea of the real demand/supply side of O&G, it's all about macro imo and it's not a market by any means, not while the Yanks have the reserve currency at least. I always have at least half a dozen new plays lined up for newly realised profits to go into - MTR and I are much akin in that respect ;)

Very much like U308 though you may have to wait 6-12 months for the win there I suspect - Japs still aren't restarting their reactors last time I looked. If the Spanish one gets dropped significantly following the recent protest then that looks an amazing opp. Gold is, er, gold but I like silver more at this time/price. O&G wtf knows, it's as manipulated as this SP :) Nickel toppy along with cobalt? (certainly llithium is imo) I like Molybdenum. I don't do cash - if you've got cash in your pocket then you're not working hard enough imo :)

No deal at Escondida - putting further upwards pressure on the Copper price: https://www.reuters.com/article/us-chile-copper-escondida/bhp-responds-to-contract-proposal-from-union-at-chiles-escondida-mine-idUSKBN1J72MV

Don't concern yourself with short term targets - what counts now is realising that if you collect enough of these at 2s and the good news continues then you could be paying your mortgage off by Xmas. Ignore/filter the naysayers, they were pointing to 1.5p ahead of all the buying of the last month - it's psychological warfare to get you out sub 5p now ...