focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The higher the price of new copper gets, the more attractive scrap copper will look. I think China's position, if official, seems untenable. Bwtfdik GLA
Agreed. Hopefully this will translate into a worldwide copper deficit for several years. $3.5 is the trigger level for R&D spending on new reserves. What we've seen is a speculative rally on similar news and a capitulation last week, but i think this news will drive the bull rally further. Again, proven deficit would fundamentally underpin the rally, but when will we see it?
Thanks Maxdba. Are your calcs based on volumes of shares traded at the different prices? ATB
Some very good points. The information on deficit or surplus is key to decision making i feel. This discussion led me to some research that supports the view copper is now moving into deficit, and there's not enough new copper resources in the global pipeline to meet the anticipated demand, hence the price is being bid up, and unless a substitue can be found, or the plans being made for a technological future are dashed, the price level should be supported. Bottled, I agree on the cryptos. I've traded Etheriums and now Litecoins which are not as high as Bitcoins (yet) due to being more difficult to mine. This aside, they could be as good a store of value as Gold, given the central banks just keep on printing and inflating Fiat ccy away. Besides this, there is a concern that some european countries may not be able to repay their huge and growing debts, and govts may look to take excess funds from their citizens bank accounts to settle their obligations, a la Cyprus 2015. So more reason to diversify away from fiat ccy. Would like to see more take up by retailers accepting them for g&s. Have a good sunday all.
Hi Bottled. Yes, lots to consider atm and your idea sounds a sensible one. I would like to stay long until feb. I hope nothing systemically bad happens in the market between now and then. What will you do next?? ATB
True. What effect will the return of divs will have on the sp? Peer companies have paid c. 5%. With rates low for the foreseeable, this will look very attractive for thise seeking a yield. More so if copper price is supported in the long term through increased demand and useage that is provable. Honestly, I expected this to go sideways from August to October, but investors have seen a strong future for copper, which is taking Kaz up quicker than I anticipated. It would be good to see a global supply deficit of copper to underpin the rise. Until then, it looks a bit like a speculative bubble. GLA
Yes, as it will become a required holding of ftse 100 tracking funds as well as meeting the criteria of a miriad of others.
Copper, the facilitator of the future, even in a nuclear winter!
... on the effect on copper and Kaz in the event of a skirmish with North Korea anyone? We've seen the price of Gold increase substantially. Thx
Copper really moving today. If the incease sticks, will be good day for Kaz tuesday.
Yh. Likely to be volatile. ATB https://www.bloomberg.com/quote/HG1:COM
Here are two articles with opposing views: https://www.bloomberg.com/news/articles/2017-08-23/copper-rally-overhyped-for-skeptics-seeing-big-discount-on-metal FWIW, the price increase seems 'frothy', and maybe not totally underpinned by fundamentals at present. I side with the Anto CEO for now. GLA
Well done Tucson. Thanks for your contribution.
Testing $3 per lb. If resistance is broken should be good
The success story continues. Copper production of 118kt (more than doubled H1 2016) 95% sold at commercial prices in a tightening market. EBITDA more than trebled to $429mm (H1 2016 $115mm). Debt down by over $220mm to $2.4bn. This should give investors a lot of confidence. I expect a yard of EBITDA in March 2018, putting a target of over £10 on the SP. Shorters beware!
Its the developing situation between North Korea's Kim and Trump. China are also on battle stations. The markets are rattled. Profit taking and flight to safety. Gold is up. GLA
Thanks Tucson. Time will tell. GLA
Hi Tucson, you're anticipating an increase in sp? Its funny because i'm expecting the opposite. I'm trying to decide whether or not to sell before results with a view to buying more at a lower price. With copper at these levels and really no bad news, im sure the mm would just love my shares, and a drop may be short lived. Probably safest to hold. Views? ATB