Copper Company?

[Joshuatree]

Bugger, Apologies, you're right

[tricha]

Glanced at KDR tricha? low mc and some good grades.

Yabster yes some good grades and you never know, could it be the next Sandfire?

A gambling stock and after a few intercepts, the management have put their hands up for more cash raising.
Toss a coin.

I am sticking to OZl ( hold 20% of Sandfire) and RXM.

On a bright note, copper is looking exceptional good, stocks are low and prices are up there.
Even if the economy does not recover, a good copper company will do well.
Unlike iron ore and coal, whick I think will be a poor performer for a very long time.

[macduffy]

This is a bit scary, tricha, but I hold the same view on copper and hold the same copper stocks as you, OZL and RXM. I added a few more RXM last week but really waiting for some movement in the SP to tempt me beyond the token holding stage. I still think that OZL is the best value in Cu but the market doesn't like them holding on to all that cash, presumably thinking OZL will miss out on buying something that they should! Like the rest of SFR? Or perhaps HAV's Kalkaroo deposits?

I may still have to have another look at OZL, nevertheless.

[macduffy]

Interesting headline here from The Australian.

http://www.theaustralian.com.au/busi...-1226490958976

I'm not a subscriber so don't know the detail but it rang some old bells.

- Bouganville Copper - BOC - remains probably the richest copper mine in the world - last production 15 May 1989! Rumours of settlement of the dispute and plans to resume mining (practically from scratch) swirl from time to time and the co still commands a SP of around 75c.

- Owen Hegarty was, of course, CEO of Oxiana - now OZL - at the time of their near death experience. Famous for his oft quoted "stronger for longer" in respect of Australia's mining boom. But not to be ignored, I would think.

[tricha]

This is a bit scary, tricha, but I hold the same view on copper and hold the same copper stocks as you, OZL and RXM. I added a few more RXM last week but really waiting for some movement in the SP to tempt me beyond the token holding stage. I still think that OZL is the best value in Cu but the market doesn't like them holding on to all that cash, presumably thinking OZL will miss out on buying something that they should! Like the rest of SFR? Or perhaps HAV's Kalkaroo deposits?

I may still have to have another look at OZL, nevertheless.

Scary no, OZL is a no brainer, especially with the strenghten of the copper and gold prices.

RXM are starting to make things happen, as far as production goes, securing water. As we know its a perfect fit for OZL, time will tell as always.

I think we are on the right track Mac Duffy

[tricha]

Copper is holding up extremely well, unlike other metals. Where will it go, only time will tell, but 1 thing for sure is with oil becoming more expensive.,

Copper will be in greater demand.

So companies like OZl will do ok.

Where is the next find like.

SFR	Sandfire Resources NL,

I wish I knew, OZl hold 20%, a blocking stake.

Copper Shenanigans from Beijing

By Richard Mills10/12/2012


http://www.financialsense.com/contri...s-from-beijing

[tricha]

CU Copper is a super metal, as oil prices increase, so will copper.

Nothing will move without it, it's so simple.!

BHP Billiton sets its sights on copper after assessment of bull market
BHP Billiton has been wining and dining analysts on a tour of its copper assets, telling them that it expects to be producing an additional 350,000 tonnes of the red metal from 2015.

Olympic Dam in South Australia is not part of BHP's copper expansion plans for the simple reason that its $30 billion price tag is too expensive, even for the likes of BHP. But expanding in copper BHP is, with the additional output to come from the South American and US mines in its portfolio.

[Hoop]

[Stranger_Danger]

Oil up, copper down. That's not bullish.

[tricha]

Oil up, copper down. That's not bullish.

thats what u would call, Danger pending

That the very reason why I predict another recession coming in the next 6 months.
Copper being a key indicator of world economic health.
Oil is to high ? Bleeding everyone dry. Consumer spending drops.

lets all hope these trends reverse soon.
peak oil in play.