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10-10-2009, 04:19 PM
#121
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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10-10-2009, 06:00 PM
#122
 Originally Posted by macduffy
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?
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10-10-2009, 06:35 PM
#123
Originally Posted by Hoop
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?
Yes, I noticed that too, Hoop.
I don't know the answer although it does look as if the supply is contracting. To put it into perspective though, on the same day the LME stocks went from 347,150 tons to 346,860 tons.
Last edited by macduffy; 10-10-2009 at 08:33 PM.
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15-10-2009, 09:51 PM
#124
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.
Last edited by Dr_Who; 15-10-2009 at 09:52 PM.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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16-10-2009, 11:11 AM
#125
Originally Posted by Dr_Who
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"
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16-10-2009, 11:35 AM
#126
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
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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16-10-2009, 12:47 PM
#127
Originally Posted by Dr_Who
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
The Chinese company Agria has today bought 13% of PGG Wrightson.
Perhaps it's starting already 
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16-10-2009, 01:29 PM
#128
Originally Posted by shasta
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"
Shasta you may want to look at MNM absolute minnow at market cap $5.6 mill.Smidge of copper but U ,gold.coal,coal bed methane.With phosphate prospects next door to MAKs Wonarah deposit.
Some JV possabilities beginning
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16-10-2009, 01:39 PM
#129
Originally Posted by Dr_Who
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...
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16-10-2009, 11:25 PM
#130
Originally Posted by stevo1
Shasta you may want to look at MNM absolute minnow at market cap $5.6 mill.Smidge of copper but U ,gold.coal,coal bed methane.With phosphate prospects next door to MAKs Wonarah deposit.
Some JV possabilities beginning
Cheers for the heads up, i'll take a more detailed look tomorrow & report back
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