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You have to buy them when they are available and build up a stake slowly.
This will move up soon enough. A blue finish looks very likely.
No worries MK. I think the key here is to buy and tuck away for a few months.
PJ seems very confident and I like the fact that we have multiple projects in multiple commodities any of which could have a huge pay day.
Good luck whatever you decide to do.
MKumar, you could be right but this feels different.
L2 showing 1X 1.1 and 4 X 1.2.
Very few trades so far so there must be some big delayed buys or the market knows something we don't.
I think we are in the "nibble" phase at the moment with lots of smaller buys going through on a consistent basis.
Next week should see this increase as investors become aware of the trading update on the 22nd and do their research.
With all the evidence we now have that the sector is performing well I still can't work out why the market is over looking this.
I appreciate our track record hasn't been great but we have a new team in please and a new strategy being deployed. Online is the place to be at the moment.
Copper now approaching $2.88 lb, Minto must be making money at these prices?!
Majic, it looks like we are the only ones who see it this way. Others I am sure will cotton on soon enough.
Has anyone noticed the surge in the copper price? At the low in March it touched $2.15 a lb and is now trading at $2.84 which is a 35% increase. In fact $2.84 is nearly the year high for copper. Minto also produces gold which as everybody knows is on a roll.
I appreciate our reduced stake in Minto is only 11% but with Copper and Gold on bull runs there must be more value here than 3p.
Add to the above the debt obligations which have been removed ($10-20M).
We need more detail on how Minto is doing but if there is a sniff that things are now working out, this could take off.
That 10K was mine on a fill or kill. Took about 15 minutes for the trade to get done.
I don't think the MMs have any stock.
The last major move in the share price was at end of April. The move started at 2p and ended at the end of May at 4.3p. If we have the start of another move on our hands today then we could see 5.5-6p in a couple of weeks.
Fingers crossed.
Bythesea
Agreed they now have 11% instead of the 33%. However if you read the 6th of April announcement, the reduction enabled PERE to reduce their future commitments to the mine and other parties by up to $25m CAD. So although they have a reduced equity stake in the mine they have had a very large liability removed.
A bombed out stock, which unlike most other resource stocks, hasn't recovered yet.
Copper is now priced the same as it was before the crash in March when PERE was trading at 10p.
Says it all really. A recovery in the price could be over due.
Looks like people are getting squeezed out as the price goes down. I have to admit this is painful but what goes down must go up eventually.
Black Rock closed up 14% in the end. I would take that any day with ACP. Who knows, it could happen today. :)
I can't believe you guys are invested here if you dont know how Iron Ore pricing works. The price is per tonne of ore which is priced depending on the iron content. For example a tonne of ore containing 65% iron will always attract a higher price than one which contains only 58%. You dont multiply the price by the % of iron content.
Looks like the short term traders will!
Thanks for sharing. Found it very interesting.
Well the MM's have dropped the opening price, god knows why!
Thank you MMs I will take some more.
ACP can't make an announcement about any tie up until Black Rock have made theirs first. My thoughts are that both companies will announce on the day, either tomorrow or Friday.
That tweet may as well be an RNS saying "all is well, a short delay but you will be amazed at the new numbers" !!
Glad a bought more on the dip.