Glasenburg's comments on hedge Funds are interesting...and probably true. I can envisage a scenario where the weaker producers would be exposed by a sell down in the same way small iron ore producers (ARI, AGO, MGX etc) have fallen prey to the tactics of BHP/RIO/Vale in flooding supply and crippling the price.
...its very hard to be a short termer trader of stocks when these sort of shenanigans are being played out at the amcro level.
Sort of makes you feel happy (as a small investor in a speccy stock) to be exposed to a copper play that is:
* fully funded
* Has no debt and
* Has no forward supply commitments negotiated at dud prices at the bequest of your financiers.
Because of the current state of the copper price (which is probably NOT trading on fundamentals) it is understandable that Mr market has zero interest in speccy miners with no revenue but I imagine when the tide turns, AVB may experience a steady rise in share price.
Coop
AVB Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
