Member Info for Fresian

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

https://www.bloomberg.com/news/articles/2017-08-22/antofagasta-ceo-says-copper-s-suprising-run-has-further-to-go

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

Agreed. Its hard to see any sustained downward pressure on copper price atm.

Useful insight. Thanks and ATB

Hi Wilthew, A few weeks ago you mentioned the copper run had a few weeks to go before cooling slightly. Was this just a feeling or something you researched? Thx

Thanks again Rastuss.

With copper at 52 week highs, its a good time to be on or ahead of guidance. Hitting the high notes here.

Very interesting. Thank you, sir.

Rastuss, why did you conclude this was not a reasonable prospect? Im interested in your conclusions. Thanks.

http://www.telegraph.co.uk/finance/10356066/Kazakhmys-sells-ENRC-stake.html

So true. I'd forgotten ENRC completely. It was sold though, and i recall a fishy situation surrounding it? And to you. Fingers crossed all will be well.

I stand corrected