I don't believe ABY's below answer IMO. Copper production was well down for the June quarter to 12,786 tonnes. IMO, the VWAP is too high on strong volume. Anything under 99 for me. Short term atm.
Aditya Birla attributes strong rise to copper price 14:01, Tuesday, 25 August 2009
Sydney - Tuesday - August 25: (RWE Australian Business News) - Aditya Birla Minerals Ltd (ASX:ABY) today said the steady recent rise in the LME copper price might provide some explanation for an increase in price and trading volume in the company's shares. The company was responding to an ASX query which noted a rise in Aditya Birla shares from a low of 80c yesterday to an intraday high of $1.05 today, along with an increase in the volume of trading. The company said it was not aware of any specific information that had not been announced which, if known, could explain the rise.
ABY Price at posting:
98.5¢ Sentiment: ST Buy Disclosure: Held
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