wassup.
Your chart for copper tells me it will drop down to a trend line at about $4.10/lb over next week or so at which point the stochastic will be at oversold.
As regards the ASX as well as CDU,,,,
There were ten in the bed and the little one said,
Roll over! Roll over!
So they all rolled over and one fell out.
There were nine in the bed and the little one said,
Roll over! Roll over!
So they all rolled over and one fell out.
...etc
So expect weak hands with margins and greed will continue to sfall over again, but so will everything copper and metals related. Any industrials...no thanks....worse,
In response to zzedzz and his mate who seems missing in action xxxxxwwwwww (I hope I haven't made a call to "the spirits in the vasty depths")..so what?
Never yet heard your single prognostication during the regain from $2 to $4, and only a holiday on the moon these days precludes access to internet. So zzedzz you purveyor of windbaggery, the jig is up. Every one knows your agenda.
You were asked, if the financing came out next week, what would the share price be? No response. Any guess?
I am not surprised financing is hard, but that has NOTHING to do with CDU. Its the same for everyone and only the best will get one, and the issue for all will be how much hedging there will be. Yes that hoary old chestnut of hedging will be back...for everyone seeking long term finance. CDU with an updated JORC should be more fortunate than most because of high early cash flows. Speculating, this may mean less dividends in earlier years, and proportionately higher in later years. We will find out eventually, in due course, in the fullness of time, meanwhile the copper waits for us.
So repeating, sp when financing achieved? Your view?
And when the updated JORC comes out..what comments then?
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