Member Info for Fresian

Apologies. Misread levels there. Disregard

Although I concede comex levels are growing.

Stocks are at a relatively low level compared with previous points in time: http://www.infomine.com/investment/warehouse-levels/copper/all/ 40MT represents 2 containers of finished goods, which is not a great deal, and probably wouldn't have a large price impact imo. Articles I've read (a bit stale now) point to the market being balanced in 2017 moving into deficit through 2020: https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2016-10-03/global-copper-shortages-seen-boosting-prices-46-through-2020 I suspect the market is pricing in a 25bp hike in USD rates in a few days. ATB

https://agmetalminer.com/2017/03/01/why-most-analysts-2017-copper-price-forecasts-are-wrong/

Suspect its the increased threat of US rate rises... https://www.hks.harvard.edu/fs/jfrankel/CP.htm https://www.thebalance.com/interest-rates-and-commodities-808937

Yh, i found it amusing I wasn't the only one interpretting certain comments yesterday as condescending. Let's move on

Tucson, if you're alluding to the possibility of a takeover in light of the ownership structure, nothing I've seen says the majority owners are prohibited from selling their holding. So the OP seems reasonable if unlikely. I was pleasantly surprised that the old mines are still part of the company as thought they had been spun off. Thanks to those who contrubited yesterday. GLA

To be fair it did prompt some interesting comments. I suppose some are looking to short kaz as, in the absence of news (april) this could drift. Its just bulls and bears. Personally i think there is more than enough going on in the copper market to keep this up.

Ha!

Thanks Ein.

Thanks EIN. Do you have a link to that? I didn't know he had explicitly ruled out a sale?

Harrian, i see only funds... please enlighten us

Thanks bud :)

With the amount of cash other large miners are coming into atm, I agree, and I selfishly wouldnt mind a solid offer for my holding. The obvious suitors are the chinese, as they are the main customers, but would the local govt allow that to happen?

Copper up, gold up. No reason for this to fall except the normal adage of sell on news taken to extremes by devious groups. Likely mm have orders to fill from their fund manager mates. Its a tree shake. Dont give them your shares!

Gold accounted for a full 15% of revenues in 2016, Zinc 10%, Copper 69% Larger proportion of Gold than previous reporting periods

Another box ticked. High growth in production achieved, and with good prices for the material this is a solid hold for me. Target £10. Some might sell on this news, but not worth the risk IMO. The market may wobble, but you can't hold a good company down.

HSBC results were disappointing, so financials were all down in sympathy... dragging the market down with them.

Possibly risk off time for equities in general for the next few months with a view to more rogue election results in europe?

Looking fowrard to the resukts this week. Hope they will be well received. Looking beyond, next news should be Q1 production in april. Several key events that may impact wider markets over the next few months. Hope we dont get dragged down.