Yankiwi since when can you transmit power over fibre optic cable
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Yankiwi since when can you transmit power over fibre optic cable
than will pail in comparison to the mass of copper needed for new electrics be it cars,computers,tv,cellphones,power plants etc etc
I remember reading awhile back that China was building a city the size of Brisbane in total new buildings nationwide per month back in the start of the resource boom -china is still growing be it abit slower
the resource bull market has taken a breath over the last year now it with the help of trillion's of easy money is set to carry on
Yankiwi In most places telephone lines have not been around for about 20 years
I've been dithering over whether to top up my OZL or to buy some PNA.
Think I'll sit pat for the present.
http://www.bloomberg.com/apps/news?p...d=a6EtKUzeuRFc
;)
Go copper go! $282!!!
No stopping this bull resource. Hope everyone is still long on copper resources, cos I am. China cant get enough of it and now the north Americans and Euro is buying.
Copper have ust broken through the $290 resistance barrier, now trading $293. :eek: Wow.. lets see if it can hold and go north tonight with New York opens.
The Chinese are trying to put on the brakes by reducing production, but it is clearly not working, cos the rest of the world have starting buying again.
Copper close $297. WOW! :eek:
Amazing! There must have been some good copper stocks that have risen lately. I don't follow any in particular.
Good news for holders of CFE and the IPO of Lady Annie :D
There is going to be a huge, massive demand for copper coming up, as oil gets very expensive and the change to electric everything comes into being. Change is going to be swift.
Uranium, Copper, Oil, Silver. Have you got yours :confused:
Electric cars: Charged up for the future
Page 1 of 3 View as a single page 4:00AM Saturday Aug 29, 2009
By Alastair Sloane
http://www.nzherald.co.nz/motoring/n...ectid=10593854
On the 6th of feb CFE announced the purchase of Copperco dept which was the very smart start to buying all of Copperco's assets for 120mill odd...
Copper was round 1.50 it's now 2.95 an looking likely to break through $3
The IPO will see be good esp. if the total value of the IPO is high 180mill+ etc an CFE keep a 5%-10% royalty
Still if CFE announced a 150mill+ cash sale it would really spark the SP as CFE total value is just so low ,It would show again the boys know how to make the major deals which will lift market attention towards the many other assets CFE have
JBmurc quote.. "....Copper was round 1.50 it's now 2.95 an looking likely to break through $3..."
Resistance levels come in thick and fast from $3 upwards...might see a deceleration in the uptrend line.
http://i458.photobucket.com/albums/q...rt28082009.png
George Soros jumping on the copper bandwagon.
BILLIONAIRE George Soros's investment fund has leapt on to the share register of Marengo Mining, taking a 19.9 per cent stake in the Perth-based copper developer.
http://www.theaustralian.news.com.au...00-643,00.html
This is just one of the many examples why i think resources will be in great demand in the future and China will continue buy commodities.
The proposed railway will span 1,629 km, 650 km of which will be in Sichuan. Trains will travel at a maximum speed of 200 km per hour and will take only eight hours to reach Lhasa, the capital of the Tibet autonomous region, according to Wang Minghui, deputy chief of the Chengdu railway administration.
http://www.chinadaily.com.cn/bizchin...nt_8649487.htm
From today's (6th) Sun Herald (NSW) Investor supplement:
"PanAust has glittering prospects
"Analysts are upbeat on this mining and exploration company.
"This copper and gold mining and exploration company was established in its current form more than a decade ago but started looking to South East Asia towards the end of the 1990's. It acquired controlling intersts in a project in Thailand in 1999 and its cornerstone project in Laos in 2001.
"It is Brisbane headquartered but all its operations are offshore.
"Although it reported a loss for the past halfyear, most analysts researching the stock are optimistic, with seven out of 12 rating it as a buy.
"Its cornerstone Phu Kham Copper-Gold operation in Laos was brought on stream in April last year and started commercial production of coper-gold oxide in June, 2008.
"It has just completed its first 12 months of operation and had no lost time injuries (LTI) - a total of 6.5 million hours with no injury that would have prevented any employee working.
"That's rather remarkable considering the Australian open-cut metalliferous mining industry performance of 1.8 LTIs per million man hours during 2007-08.
"And although it reported an interim net profit after tax (NPAT) loss of $US15.8million for the first half ended June, that included $US19.1million in one-off costs associated with a share-option expense and a redemption fee for the repayment of a debt facility with Goldman Sach JBWere.
"The company is also about to receive a $216 million investment from Chinese Guangdong Rising Assets Management after the Chinese Govt. approved its investment in the company. That, along with an equity raising earlier this year, has helped knock its gearing level to less than 20 per cent, not a bad thing in the current environment.
"And if the copper price continues to rise, admittedly off a rather low base, its outlook may be even rosier.
"UBS is so optimistic it has made it its preferred Australian copper stock.
"UBS write in a report 'this is due to its solid operating performance and options for expansions at Phu Kham and the potential development of the Ban Houayxai gold-silver project'
"The Ban Houayxai project is in the south-west of the Phu Bia Contract Area in Laos and had a pre-feasability study completed on it in September last year, which revealed the potential to produce 100,000oz to 130,000 oz of gold and 700,000 to 800,000oz a year of silver over a minimum period of six years.
"Although currently trading at about 40cents, UBS has a price target of 59 cents on the stoock. RBS has a price target of 47 cents but Citigroup's is 42cents, due to a more conservative commodity price outlook.
"Advantages:
Improving copper price
New project potential
Major Chinese investor
Disadvantages:
Volatility of commodity prices
Exchange rate
Country risk
Verdict
Although commodity prices are volatile and PanAust has just one major project online, it has identified other opportunities that
could eventually turn it into a much bigger player."
Gold and copper going mental. :)
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...
The PoC powering on as dollar weakens.
http://www.theaustralian.news.com.au...005200,00.html
A little milestone was accomplished yesterday without much fanfare ...the $3 mark was cracked.
Post#123 (30th August 2009) Quotes
JBmurc quote.. "....Copper was round 1.50 it's now 2.95 an looking likely to break through $3..."
Hoop quote.."Resistance levels come in thick and fast from $3 upwards...might see a deceleration in the uptrend line".
http://i458.photobucket.com/albums/q...er23102009.png
"Copper is just half way through its bull market."
Is it?
http://www.thebull.com.au/articles_detail.php?id=7033
Copper still looking strong. Now over US$3 per lb.
http://www.infomine.com/investment/c...xusd.ulb#chart
Yesterday's strategy statement by OZL made good reading with some interesting points on supply and demand.
;)
MacDuff, did you watch LateLine Business on the ABC last night?
They were talking about OZL saying that if they dont hurry up and make some acquisitions soon, and with all that cash they have sitting on them, they themselve's might be the ones that end up getting taken over if they are not careful.
Interesting stuff, is the cash factored into the current price though?
The PoC hits a new 16 month high, despite growing LME stocks.
http://www.theaustralian.com.au/busi...-1225814903343
Nice to see PNA hit 60c today.
And the PoC continues to firm!
http://www.theaustralian.com.au/busi...-1225816129780
:cool:
Amazing!
When I made this thread I never thought copper would reach this high this fast.
Here's an interesting article on the performance of selected copper stocks over 2009.
A couple of points. I think they have their "high" and "low" columns transposed?
The figures for BHP and RIO looked a bit high to me - then I realised they are shown in GBP!
Unfortunately, they don't include OZL.
http://www.mineweb.com/mineweb/view/...5824&sn=Detail
AMAZING!
Copper prices is at pre financial crisis levels. Who would have thought copper prices would go back up so fast? Just simply amazing.
I suspect the new electric cars and hybrid will need alot of copper.
I hate to mention it doc, but "brokers" are tipping base metals, including copper, to "take the brunt" of commodity price falls during 2010.
Bur what would they know?
:D
I hold BHP, OZL.
http://www.thebull.com.au/articles_detail.php?id=8745
I ve been keeping an eye on OZL lately, again. :) Havnt been keeping a close eye on it since my profitable foray when the Chinese took interest.
Would you believe it..
Equity sharp downward corrections...
VIX (fear index) huge rise in volatility..
Permabears roars are deafening.
My email box full of doom from the Death Merchants Prectner Roubini etc telling me "we told you so but you didn't listen"..blah ...blah...................
.............. but copper rose last night.
Definitely tells you the world's not ending just yet:D maybe next week;)
Of interest a copper chart in Aust $$$ that a drew up thats more revelant to this thread...still looking good huh Macduffy no probs yet
http://i458.photobucket.com/albums/q...st22012010.png
Well, it looks like copper have finally given in to the market weakness. :eek:
Lucky OZL is cashed up this time round. Will have to wait till OZL and copper price to bottoms yet again.
Terry Burgess, CEO of OZL, explains why he's bullish about copper.
http://www.businessspectator.com.au/...cument&src=kgb
McDuffy, link is broken. Cant get article.
Copper closed at 352.03 (US$3.52/lb) up around 4%
New closing high since the end 2008 bottom.
Most metals had a good day apart from Nickel
Looking good for miners today?
OZL says outlook for copper is strong.
http://www.theaustralian.com.au/busi...-1225848234715
And copper soars to near two year high.
http://www.theaustralian.com.au/busi...-1225847755607
I hold.
Traders warn that the PoC may be in for a fall.
http://www.theaustralian.com.au/busi...-1225850802781
But LME warehouse stocks continue to drop.
http://www.infomine.com/investment/c...arehouse#chart
I am pretty much under weight in all hard commodities with exception of coking coal, rare earth and Iron Ore.
Copper Going To $1?
http://www.cnbc.com//id/37577766
Interesting comments that Chinese is stockpiling it & not using it, showing there's excess supply at present
This Guy rattles a lot of cages...he a bear.. he said in April 2006 a perfect storm was about to happen when copper was at $3.50/lb..2.5 years later it did come down from $3.5/lb due to a different reason that of the GFC .
This latest article is late reporting as he mentioned this latest scenario back in February2010.
I not concerned about the article...I've taken a keen interest in Copper over the last two years and I will tell my story when i have time
Have to go now.
I am keeping a close eye on China. I think we can start to re-visit copper and resources again near the end of this year to early next year?
Lets keep talking so we can all benefit from it.
Copper has its best monthly price rise for a year.
http://www.theaustralian.com.au/busi...-1225899741995
I hold OZL.
Demand for copper may outstrip supply, according to RIO.
http://www.theaustralian.com.au/busi...-1225938894930
Keep an eye on HOR.
Sitting on 48,000 tonnes of 1% copper, still contained in an ex-copper mine (Horseshoe Lights).
Not too for from Sandfire's Doolgunna.
Doing some drilling which is so far uncovering more low grade copper.....nothing to shoot the lights out though.
Mkt cap only around $15m.
Could be a candidate for a rising tide to lift all boats.
(Disc...holding some oppies, which I got for free from the float earlier in the year. Sold the heads a while ago)
Well..heres another quote..."Prices are up on economic optimism," Adam Klopfenstein, a senior market strategist at a broker in Chicago, told Bloomberg News. "Copper is looking beautiful to the upside."
Hmmmm.....why can't I join in on all this elation of joy and well being at the copper party..because I'm cautious at the US$3.7937/lb close....now if it closed at say 4.10 today it would be a different story, I would be the life of the party.
So for the time I'll stay sober and reserve my judgement.
Normally both these chart formations are more bullish than bearish therefore the previous ascending triangle broke down against the odds...This time the formation may like similar but note it is not an ascending triangle.
http://i458.photobucket.com/albums/q...er14102010.png
http://i458.photobucket.com/albums/q...pper10year.png
Check out YTC. The drill results are showing good signs of copper.
Discl: Holding YTC
CGG could be a cheap entry to EQN (look at their beautiful chart!) if they dip a bit
New junior to check out: SBR.
101mil shares @ 30c = 30mil market cap.
Finding visible copper in Namibia... Kaskara looks very very promising
Mineralisation distributed over 3.6km.
Gossan analyses record:
• Copper up to 23.5%.
• Lead over 35%.
• Zinc up to 34.4%.
1500km2 in granted permits
4mil cash in hand.
Few issues thats caused sp to retreat:
- Unlisted oppies just expired at 30c, so an insider hasn't taken these up for whatever reason
- Recent drilling issues (rig issues, losing drill bit etc)
- Assays shipped to S.A then on to Aus (i.e will take an age to process)
However this could be a good opportunity to get in on the ground floor... Something to consider (disc: hold none)
It might be in a bubble but copper continues to make new highs.
http://www.theaustralian.com.au/busi...-1225952879154
Thanks the article Macduffy, I'm focused on copper companies at the moment, unlike other commodities at least this one is backed by strong demand and inadequate supply.
Hold YTC and SMD. Might re-look into AVB and HOR on the micro cap front
Can anyone recommend any decent mid cap copper companies? The small cap index has risen strongly but I think mid caps could be the next to go (having moved very little last time I looked)
Anyone had a look at RCP? Looks to be the cheapest copper explorer on the ASX....
Market cap $5mil. JORC resource of 90k tonnes copper (~$740mil in situ value). Targetting small scale production next year?
SP has dissolved this year from 15c to around 3c. Looks like they signed up for a poor finance deal with La Jolla? Haven't read too much into that. Very little cash on hand unless they cash in on their convertible notes.
One to watch perhaps
PARTY TIME started on the 13th December :)
Copper hits record high Market Watch 21/12/2010.
Copper broke through its primary resistance (4.06/ 4.08) on 13 Dec and has reached a 4.29 intraday high today....this is blue sky territory with primary support at 4.08
I agree Hoop, loving it. :t_up:
GCR is worth alook 570k tons of copper 1.6moz gold
1.7c per share market value 22mill
Hi Hoop. The big questions are how long will it last and who is pushin it up eh?
This from here
http://m.theaustralian.com.au/Opinio...0/fi232601.htm
COPPER'S too tight, according to the analysts at BNP Paribas in London. The red metal finished at a heady $US9070 a tonne on Friday, but BNP produced a couple of interesting figures. You could buy all the copper now in London Metal Exchange warehouses for a little more than $US3 billion, which is not a lot of money when you're talking international speculation.
Earlier this month, it was reported by The Wall Street Journal, and several London newspapers, that JPMorgan had grabbed half the LME copper stock for about $US1.5bn. This set the internet metals sites afire with speculation. But last week, according to a Reuters report, JPMorgan denied it had amassed a large copper forward position. Yet LME data shows that 90 per cent of all the copper in its warehouses and cash contracts is controlled by a single entity. The interesting thing about JPMorgan's denial is that it only said it did not hold 90 per cent -- but would not provide any comment on whether it had a dominant position.
LoL
Hey Shasta.
Now. Thats what I would have you believe and in many cases its true but while keeping with the truth Im the first to admit I use the FA of other fine fellows such as yourself and G to help select targets and I always do my best to keep an eye on the Macro. In particular the dirty dark side of Macro and all associated lies, deciept and all round bull****. Its not an even playing field out there and one must have ones wits about one at all times eh?
But you knew all that already eh? :D
I agree. Im average at the first and hopeless at the latter but fortunately I know a few fellows who are good at it. Many of them are right here on ST.
Ive said it before but the single most important factor in my reasonable success over the last few years has been to get out and stay out when the going gets tough. Timing that requires both. No doubt in my mind about it.
I strongly suspect Copper is being played with by those at the top of the pile. If thats true there will be some crumbs filter down for us bottom feeders
For the benefit of others
Trackers asked about mid tier copper producers
PNA - Also has plenty of gold (& a near term gold & silver project)
EQN - Also has uranium production (on a small scale)
Like Copper, Gold & Uranium are seemingly all moving in the right direction
Strat you may want to run your rule over AZS (Aussie tiddler in Mexico) and GSE (micro cap) all the usual risks with junior miners.I hold both so obviuosly somewhat bias but there could be very good future returns there.
But then again could just be another couple of also rans.
Thanks Shasta, JBMurc will check those out... On first glance GCR looks fantastic...?
There's still decent returns to be made from mid caps. Almost up 100% on YTC already and their rerating could go on (though I'm out of that for now)
Hi shasta.
Yes, I still like and hold OZL although at around $1.75 and with a M/Cap of $5.6b it might be getting a tad expensive, even with copper at record levels.
Another copper stock, although not a producer for some time yet, is Rex Minerals - RXM. Their big asset is the Hillside project on the Yorke Peninsula, SA. The greater area, known geologically as the Gawler Craton, is home to such well known names as Olympic Dam and OZL's Prominent Hill. In fact, it's the proximity to PH which is a big part of the attraction, to me at least, bearing in mind that OZL have all that cash to spend on an acquisition - perhaps.
The Hillside project has an Inferred Mineral Resource of 1.2 mt of copper and 1.1 moz of gold. RXM intend to spend the next 12 months drilling to expand the resource towards its target of between 1.5 mt to 2.8 mt with a scoping study planned in 2011 leading to Feasibility Study in 2012. The company recently raised $85m by issuing 17m shares at $2.50 so has the funds in hand for 2011 work.
The SP has been pretty strong, as to be expected with the PoC doing its thing. Now around $2.85. With only 150m shares on issue and a M/Cap of $434m it would be a nice acquisition for OZL if shareholders could be persuaded to sell. Perhaps a combination OZL shares/cash might be a possibility.
All speculation on my part but I might have to have a small dabble...........
No idea as to how long it will last Strat....or as to who are the players in the skulduggery game.. I need Wikileaks knowledge to know that as I don't trust the media...:mellow:
I've invested in the copper game since December 2008..(all being through ASX copper companies. I've been kicked out (using TA) a few times but got back in again.
Worried about bursting bubbles...nah...TA will tell me when the tide will turn on Copper, and it will turn at some point of time as uptrends don't last forever however ...it could last for years or it could end tomorrow....so I will enjoy the ride while I can.
The copper companies I have looked at..bought/sold and have on my watchlist are those mentioned on the ASX copper index
ABY BHP BOC CDU EQN EXS HGO IRN JML KZL MGO OZL PNA RIO SRL
Also dabbling in and out of small explorers....
My knowledge of copper mining and exploration is not much,,,I let the charts tell the story...
buying in uptrends seems a good idea...eh Shasta :);)
When time allows it is always a good idea to go back in time to check out how those past articles looking towards the future turn out.
MoneyWeek is a respectable site so when someone writes an article you take notice of it. Unfortunately this is one article that David Stevenson will regret writing about Copper.
David Stevenson's (DS) article looks plausible and you could not argue the methods he used to deduce that the future for Copper is not a rosy one...so...what went wrong???
David Stevenson made a vital error of allowing the past to create a mental bias, he then selectively applying all of those economic/market principles he could find to fit that bias and gave little to no attention to the other economic/market principles that didn't fit his bias...thus he created false logic.
Media is full of false logic...the hot topic atm is the possible demise of the US economy.
Interestingly.... the chart below using simple trend TA saw that DS's base metal article was using false logic
Interesting,,,huh.
Why the base metal rally won't last
By Associate Editor David Stevenson Apr 03, 2009
http://i458.photobucket.com/albums/q...y-07012011.gif
Macquarie raises copper price forecast.
http://www.theaustralian.com.au/busi...-1225990232531
OZL quarterly report - Budgetted production exceeded; record gold and copper prices.
http://asx.com.au/asxpdf/20110120/pd...jyyf13650n.pdf
The expected good result from OZL.
Announcement includes the - also expected - capital repayment, a modest buyback and a capital consolidation.
Still plenty of cash in the kitty though for the right acquisition in due course.
http://asx.com.au/asxpdf/20110209/pd...ykvnc3cqc0.pdf
Good outcome for investors after a long wait!! Some analyst described OZL situation in the past as 'near death'-very true. Averaging down has been beneficial for me with OZL. But they dont like small shareholders(costly for them) and tried to get my shares(and other small investors) for cheap not so long ago-cheeky, 80% appreciation since then. Capital consolidation is to keep small investors away!
Disc- Holding and enjoying the ride
There's certainly an element of that and can't say I blame them with over 3 billion shares on issue!Quote:
Capital consolidation is to keep small investors away!
Better to be positioned nearer the more respectable end of town with miners such as BHP, RIO, NCM etc!
Zambezi Resources (ZRL) could be interesting. They are waiting on the issue of a mining permit from the Zambian Government. Share price has run a little on the expectation that the permit will be granted. In a reply to the exchange yesterday, they said that they had recieved word that the permit would be granted, but it still needs to be ratified, so management weren't yet prepared to go to the market saying the permit had been granted. Ratification was supposed to happen today, so potentially we could get official confirmation tomorrow (assuming nothing goes wrong).
193,000 tonnes of contained copper, and lots of ground yet to be covered.
I bought a small parcel the other day at 2.2c, purely as a punt, which seems will pay off. I topped up today at 3.6c, which was about the lows for 95% of the day, the share price weakening to 3.4c in the last 10min or so of trade.
http://stocknessmonster.com/news-ite...E=ASX&N=521629
http://stocknessmonster.com/news-ite...E=ASX&N=523822
http://stocknessmonster.com/news-ite...E=ASX&N=528347
Hi Huang,
Yeah nice little ride from 2.3c myself, but took the dosh off the table as it seems to me there was not enough conviction here, as in I am beginning to feel some of the price may be already factored into the previous move.
Would have thought it may have made a Higher High, but it failed to do so.
RSI is over 75 and now Williams %R now looking like it may punch through to a down move, but I guess it depends how it trades tomorrow.
A little bit of caution while Friday tomorrow, XAO sitting on 5001
Maybe some bargains to be had at the end of the day tomorrow if there is a sell off, but that also may lead to more falls on indicators which could drag it down even further so it may need a breather.
Thanks for your thoughts Drilly.
Today was a bit disappointing, but the dump was really only in the last 10 minutes of trade. Not really sure what that tells you. Most of the day it traded between 3.6c and 3.8c.
If the mining permit comes through, I reckon any shares picked up around the current price will be sound buying if you take a medium term view.
Yeah HC it was a tad dissapointing,
If and when the permit comes through, how long after that will it be before anything actually happens though? I mean, dont shareholders have to approve it and then when they do, there is a period of time of somewhat to get other arrangements up to speed and sorted?
I guess I am asking what time window do you believe this would be?
It certainly won't be a short time frame, but I would see a shareprice rerating as we move forward.
First things first though, and that's getting the mining permit.
Foster Stockbroking's picks for copper.
http://www.theaustralian.com.au/busi...-1226006236038
Thanks macduffy. See Pan Aust is once again geting good coverage The have been doing nicely since the GFC - where they almost came unstuck - dispite much dilution SP has moved steadily from low 20's (or even less for a while there) to where they are now - 85c. Have been holding for about 20 months and quite content to continue doing so - still think there is a bit left in them.
Cheers,
I-man