Copper Company?

[macduffy]

Demand for copper may outstrip supply, according to RIO.

http://www.theaustralian.com.au/busi...-1225938894930

[Huang Chung]

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)

[Hoop]

Demand for copper may outstrip supply, according to RIO.

http://www.theaustralian.com.au/busi...-1225938894930

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.

[airedale]

Check out YTC. The drill results are showing good signs of copper.
Discl: Holding YTC

[trackers]

CGG could be a cheap entry to EQN (look at their beautiful chart!) if they dip a bit

[trackers]

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)

[macduffy]

It might be in a bubble but copper continues to make new highs.

http://www.theaustralian.com.au/busi...-1225952879154

[trackers]

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)

[trackers]

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

[Hoop]

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.

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