Copper Company?

**JBmurc** · 01-06-2009, 11:28 PM

Originally Posted by Dr_Who

Copper can go to $2.50.

IMHO yes very soon we will see a major breakout out of the recent resistance copper is current at...glad to have gone mad on more IRN,CFE....bring on the new 6 month highs......good to see LME stock pile is falling fast driving the new price increase

**Hoop** · 02-06-2009, 09:23 AM

Spot copper broke through 2.17 which confirmed the uptrend is still in place and dismantled the double top creation in the process. (see my post #51 chart). A very bullish signal. The price at this point (above 2.17) gave confidence to the market and the rise accelerated to be presently at 2.30.

Next point to watch is the major resistance at 2.40 ish to Dr 2.50.

Of Note: A floor has be established at 2.17 (old resistance now support)

**Footsie** · 02-06-2009, 10:48 AM

IRN looks like a good play at present

I took profit on this too early, but got back in yesterday as it now looks to have busted the 50c res.

**macduffy** · 03-06-2009, 08:26 AM

Good copper news keeps on coming!

http://www.theaustralian.news.com.au...017999,00.html

**macduffy** · 14-06-2009, 03:42 PM

Copper keeps on climbing!

http://www.infomine.com/investment/c...xusd.ulb#chart

And LME warehouse copper stocks are slowly dropping.

All looks good for OZL in its new life as an (almost) pure copper play. And for others as well, of course.
I'll be having a closer look at PNA.

**biker** · 14-06-2009, 05:49 PM

Originally Posted by macduffy

Copper keeps on climbing!

http://www.infomine.com/investment/c...xusd.ulb#chart

And LME warehouse copper stocks are slowly dropping.

All looks good for OZL in its new life as an (almost) pure copper play. And for others as well, of course.
I'll be having a closer look at PNA.

PNA may be showing a bit of weakness at the moment due to some selling to take up the non renouncable rights at 28c. The retail offer closes on the 22nd June so between now and then may be a good buying opportunity. Things do seem to be lining up nicely for this company, but they have had a great run from their lows already of course.

**macduffy** · 14-06-2009, 05:56 PM

Yes, biker, that's the dilemma!

Plus the fact that that there will be almost 3 billion shares on issue after the placement and issue.
Just looking at this stage but the copper fundamentals look good and PNA is tempting!

**impacman** · 15-06-2009, 11:16 AM

Originally Posted by macduffy

Yes, biker, that's the dilemma!

Plus the fact that that there will be almost 3 billion shares on issue after the placement and issue.
Just looking at this stage but the copper fundamentals look good and PNA is tempting!

Certainly is a lot of shares but 25% of those are held by 2 big and recent institutional investors - GRAM (20%) and AMP (5%). I am though suprised the SP hasn't come back further given the 2 for 9 rights issue. Sent my cheque off today via courier to take up my share.

Dis: Hold