Hard to avoid the impression that the CDU SP is being supported by the share buyback but to what extent?
About 20% of yesterday's turnover were bought back by the company ( 32,000 shares). About 1.6m shares since the bb began.
Seems a bit strange to be buying back shares when the real production expense has still to be faced and finance for greenfields mining is scarce and expensive. Does anyone recall what the company's rationale for this was?
ABY seems to have broken out to form a double bottom.
Yep seems so AMR...broken up above that important 24 cent resistance point (candlesticks) yesterday ...fingers crossed it can be confirmed and not a bulltrap.. Spot copper is in an uptrend and the ABY indicators are looking good so I feel more bullish on this share this time.
Hi guys, been trading on KZL. It's also a copper company and have been trending up. Resistance of 65c should be re-tested again in the next couple of days. At the moment, I am not a holder.
After much deliberation, I settled on Discovery Metals (DML) as my copper play (SRL is likely to be only be a trade). Discovery's Boseto copper project is located within the Kalahari Copper Belt in Botswana (a good African address), and already looks to be about a third the size of Prominent Hill in terms of copper content (at a similar grade), and it actually has more silver. Misses out on the gold though.
Looking to be in production around 2011, which looks to be good timing in terms of a recovery from the Geelong Football Club.
The beauty of this project is that in terms of exploration, they really just seem to be scratching the surface.
Have a look how AVM has moved in the last month or so
Yeah their 1 month is great 5yr looks shocking some bargin buying for the congo copper co
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Originally Posted by AMR
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