Member Info for Patters85

AZ - why are you so emotionally attached to this share? Is it so hard to see the destruction of the SP, especially from a LTH perspective? If you had sold last week pre-placing, and bought in today post-placing, wouldn't you be happier? Surely you recognise that the placees are in and out to make a quick profit, it's basically a huge overhang on the SP.

another article: http://www.mining-journal.com/research/news/1315916/copper-market-expected-to-balance-out-in-2018

I think also the UK govt. (including local) has an ever-growing lack of desire for on-shore oil investment. Who wants a nodding donkey in their back garden or in their nearby area, they are a disgusting eyesore which also attract environmental campaigning and conflict! Not to mention the growing pressure for the UK to meet its renewable energy targets. This is why UJO can have 5% in that, 10% in that, 10% in blah blah, but it doesn't mean anything if you can't get the permission to get it out the ground! The renewable energy revolution is gradually shifting the power and it will continue to weigh especially in the UK, its in written in all the media.

Unfortunately the placees will most likely be looking to exit as soon as they sniff any profit. DM and his mate would have more creditibility if they purchased from the secondary market, like the other LTHs. Otherwise I don’t think their investment warrants offsetting the dilution which they just spanked across the LTHs.

At least the two exec’s got their amazingly cheap entry! How lovely for them...

Restart confirmation of Otjihase would be a mother of an announcement. 30ktpa @ $2500 margin is huge :)

As per 'BUSINESS OVERVIEW & STRATEGY' on the company website: "Our immediate plans are to continue optimising our flagship Tschudi mine while carefully preparing Otjihase (placed on care and maintenance in 2015) for a resumption of operations on a larger scale than previously, targeting sustainable copper production of 30ktpa in Namibia at costs below US$2/lb." "We are strongly supported in these endeavours by our largest shareholder, lender and main offtake partner, Orion Mine Finance."

Fingers crossed. If its all good, then this could fly, I think there are many watching this share, around 1400 trades from 02/02 - 09/02 so volumes have the ability to pick-up significantly. Good weekend all!

Now you are taking my quote out of context because that was applied to China data. Anyway, Trump tariffs are "plans" and affect Steel and Aluminium. Copper price is still holding up at $3.10/lb. Let's see what pans out, who can predict what will happen with Trump anyway!

Didn’t miss the China data :) - potentially a small blip (nothing serious). I see nothing holding copper back to be honest - demand will be increasing day by day with the EV revolution and growth of other countries (apart from and including China), Industrial action in Peru/Chile would definitely help the price of copper as you say! More buys than sells today :). Hopefully get interims tomorrow!

Any know why this down, I can only see buys...

Markets "look" "tippy" so this will drop 40% on a whim. Jog-on dry lunch. Everyone DYOR, this is a steal at 2p a share.

Tesla production rates are increasing significantly also, other manufacturers will be spending billions to try and match them. EQUALS = even greater copper demand in future :)

i like the excitement of RNS's and newsflow etc., but this is definitely a long term hold (for me). Highly leveraged to copper, if you're bullish on copper what's not to like!

Central Ops restarting would be massive IMO

Because we have distressed seller I guess, such as Logiman. Probably a bit of panic selling too in the equation. MMs dropping the price to match sell order with a buyer. Basically not enough buyers / awareness of how cheap this share is right now! People need to check the recent news-flow, and current calculations of the existing production setup.

Unreal bargain prices now

Noticed that too! Excellent

I saw it, but it uses the word 'exceed', even at 17,000 tonnes per annum i think it's a very good figure, especially based on copper prices being 7000 a tonne, and C1 costs being around 4500. Even if total production was 16,000 tonnes, that still equates to a margin of $40m. Calculation for 15,000 tonnes isn't too shabby either!

very cliche, but Rome wasn't build in a day! :P