copper stock, page-41

aka hooter,

What does have a significant bearing on CuDeco's share price is the level of shorting which , as of the 5th December, was 9,824,154 shares or 4.79% . This is the highest level or quantity shorted that I can recall. Bear in mind that the rights issue was shorted as well.

Now, if all those 9,824,154 shorted shares had to be redeemed on market, as they should be, the share price would not be where it is now.

There is an article in Australian Mining which quotes research that says the Chinese stockpile of copper has decreased from 1,100,000 tonnes to 300,000 tonnes. Now I know figures out of China are difficult to corroborate but year on year import figures for copper into China are up.

Sales of direct shipping ore and native copper can be looked forward to. When and how much and on what continuing basis are yet to be announced.

The current price of copper as quoted from the CuDeco website as of 5.53 pm today stands at $7847.82 Australian dollars a tonne. Native copper is said to command a higher price so CuDeco would be doing well at these prices.

2014 will see CuDeco progress to being a miner and importantly solely in its own right. It will also see resumption of a higher level of drilling exploration at its many untested targets of which I hope Wilgar will see deeper and expanded drilling activity.

America's position continues to improve with better unemployment numbers and quantitative easing appears likely.

From what I have been reading, the American dollar is expected to improve and the Australian dollar is expected to decline. If this occurs, it will be good for the Australian copper price and for CuDeco. 2014 should be an interesting year .