Copper Company?

[Corporate]

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

[tricha]

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

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
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

[JBmurc]

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

Yeah still rather have a clean 150mill+ sale still I wouldn't be surprised if CFE have made the announcement to get some action from the several keen buyers -make a bid or watch the market decide the price an miss out while the Copper price moves north..

[Corporate]

Yeah still rather have a clean 150mill+ sale still I wouldn't be surprised if CFE have made the announcement to get some action from the several keen buyers -make a bid or watch the market decide the price an miss out while the Copper price moves north..

JB I totally agree. I think this is definitely a ploy to flush some buyers to the floor. However, with copper going north it is a great time to be selling Annie..any idea on what the copper price was when CFE purchased?

[JBmurc]

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

[Hoop]

Copper have ust broken through the $290 resistance barrier, now trading $293. 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.

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.

[Dr_Who]

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

[Dr_Who]

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

[biker]

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."

[Dr_Who]

Gold and copper going mental.