trading halt , page-24

"Liquid you may be correct, management's confidence in a strong copper price moving forward may make them decide to keep the entire pie for themselves"

I read the following article about a copper correction the other day, and it left me worrying about the copper project. One really can't predict the future, and I would rather hedge my bets so I hope it isn't a go-it-alone.

January 08, 2010

Copper Correction
by Adam Hamilton


Copper has enjoyed a spectacular run higher. In calendar 2009 as it emerged out of the stock-panic-induced commodities-price crash, it rocketed 153.2% higher! Such performance is just staggeringly good, even by the high post-panic standards. Over this same span the flagship CCI commodities index (which includes copper) only rallied 32.1%. And gold, which captivated traders in recent months, was only up 24.3% in 2009.

Ordinary copper, a common and cheap metal, was last year's commodities superstar. It brilliantly outshined the precious metals and even easily eclipsed 2009's massive 86.3% gain in crude oil. Investors and speculators like our subscribers who were long base-metals stocks rode this copper surge to tremendous gains. It's been an exceedingly fun and profitable rally.

While copper is indeed entrenched in a secular bull driven by a long-term structural deficit, no price surges higher in a straight line forever. This metal has rallied extremely far at a blisteringly-fast pace, with few meaningful pullbacks along the way. So for a variety of reasons I'll explore in this essay, copper is due for a serious and probably sharp correction. Such an event will create great opportunities for traders.
-- much more at link
http://safehaven.com/article-15433.htm