copperco growth continues

Dynofish,
good post ( below),
the increase in reserves and the volumes today looking good for another positive day ahead.
Over half a million shares traded in the first 20 minutes this morning and up 2c with few sellers ( only 600k). Strong buy volumes continuing with 2.5m plus.
An added bonus for cuo sp is the increased number of hot copper users reading the posts.
fs


18/04/08 08:58 (View) Back Post Reply
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dynofish
Post #: 2771415
In Reply to msg: #2770782
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Sentiment: LT Buy
Disclosure: Stock Held
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I could go on with some analysis of value based upon earnings and cash flow multiples etc. but there is no point insofar as the market has taken no notice of the supposed "value" over the last few months.

What has changed?

1. The shorting activity and volatility in the market seems to be subsiding as evidenced by some of the volatility indexes.

2. Copper price is substantially above where it was in October when the SP reached a peak at about $1.20...

3. The Cu price outlook seems to be regarded as favourable

4. CUO is now in the ASX300 index which should encourage institutions to maintain a weighting in the stock

What has not changed?

1. CUO is probably the lowest cost producer of copper in Australia and would no doubt be in the lowest quartile of global producers...while it is not a major producer, at 19k tpa it is respectable and is aiming for 30k tpa, and has a 8+year mine life which has just commenced.

I bought more yesterday on the strength of the sulphide drilling results which support their view that there is plenty more Cu in the region and at depth.

regards
DF