Hi Albert
I've tried to remain conservative in what I have written while helping to keep the holders motivated during this wait for important news. I think AVB could mutate into a fortune making company for many on this list over the next few years but it is also possible that she will just be a good little earner. I think April will have seen a substantial re-rating. My money is seriously on the long ride to a mid tier copper producer but I still want to exercise some conservatism in my comments.
Cheers
A bit more fundamental news; copper targets for the near term included.
* Three-month copper on the London Metal Exchange climbed 0.5 percent to $7,532.50 a tonne by 0110 GMT. The industrial metal lost a fifth of its value last year, the first annual decline in three years.
* The most-traded March copper contract on the Shanghai Futures Exchange was steady at 55,540 yuan ($8,800) a tonne.
* Copper lost some ground on Monday as a lack of clear resolution to Europe's funding crisis continued to be a major headwind for investors.
* The drive to develop China's interior will keep copper prices firm in a $7,000 a tonne to $9,000 range in 2012, offsetting demand damaged by a floundering European economy, a top Sucden Financial executive in Asia told Reuters.
* Unidentified gunmen killed two people near to Freeport McMoRan Copper & Gold Inc's mine on the Indonesian island of Papua on Monday in the latest violence to hit the world's second-largest copper mine, according to Freeport. * Germany and France took a tough stance with Greece and warned the nation on Monday it will get no more bailout funds until it agrees with creditor banks on a bond swap.
- Forums
- ASX - By Stock
- AVB
- copper fundamentals
copper fundamentals , page-11
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin