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$26.44 oz minerals limited

Ann: CZI: Significant Nickel Mineralisation at Yappsu, page-45

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Paul12

2,115 Posts.

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20/07/18

23:06

Post #: 34489209
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Originally posted by ChristopherC ↑

Phil,

Just watched an interview with Trump on cnbc, this guy is not stopping on the trade tariff front, expect tariffs on China to equate to 500B shortly. With this will come at least a 1% drop in world gdp and with that a fall in copper demand which will see stock of copper increase and a further drop in copper price. Now long term I see what you see but that is not going to happen until Trump starts sorting these trade issues. So for me its about timing the market and picking the bottom of the SP or at least get some at close to bottom. I will admit the SP diid well today with market digesting recent positive announcements. But next week poc reality will kick in and i expect it to come off about 5% from current price, unless of course the poc rockets up tonight,

Christopher

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Hi Chris,
No doubt the fortunes of OZL are tightly coupled to the copper price.
I'm not so sure all of copper's current woes are tied to real supply/demand factors and not sure things move proportionally. Often times things get way over done early in the piece on anticipation.

OZL Price at posting: $9.37 Sentiment: Buy Disclosure: Held
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0 Great analysis

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