Olympic Dam accident could tip supply of copper back into deficit.
http://www.mineweb.com/mineweb/view/...0425&sn=Detail
I'm holding OZL.
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Olympic Dam accident could tip supply of copper back into deficit.
http://www.mineweb.com/mineweb/view/...0425&sn=Detail
I'm holding OZL.
Macduffy I have a question that you might be able to answer.........for me its a head scratcher
The chart showing Comex Copper Warehouse level went from 53969 to 4094 in one day (8th Oct)...do you know what happened. Has someone bought up nearly the whole supply?
I have been doing abit of reading and thinking lately.
I think that copper, Iron Ore etc, with the exception of gold/silver may have had its run and will be tracking sideways or downwards abit. The Chinese may have finished stockpiling for now.
The Chinese economy have recently been driven by excess liquidity and low interest rate instead of export. There is a imbalance between consumption and investments. Alot of the stimulus package have gone into speculative properties, equities and stock piling of commodities.
The Chinese appear to be heading down the rare earths, uranium road now.
They are also buying up land in all sorts of places (incl Africa)
Im watching the likes of IPL & MAK for any chinese involvement, land cleared for food production seems to be the next "big thing"
You maybe onto something there with IPL and MAK Shasta.
If the NUF is successful, I will put some of the proceeds into IPL.
Keep us up to date. Cheers
Doc, i had similar thoughts to you but sold out of my NUF recently for 11.75. From a risk/reward point of view it didnt stack up.
The upside from current prices of 11.60 is 1.55, or 13 and a half percent.
For that you have to wait until next March, and are subjected to termination risk of the deal.
I figured my capital could be better spent elsewhere...